Renovation Loans

Whether you want to add square footage, add a pool or renovate any room in your home, Home1st Lending can help you. No matter if it’s an FHA 203(k), or a Fannie Mae HomeStyle® Renovation Loan. 

Why Use Home1st?

  • We have the experience with all types of renovation loans
  • Our lenders will use up to 95% LTV of the improved appraised value
  • You can refinance all cost into one loan

FHA 203(k)

  • Loan amount based on the home value including renovations
  • As little as 3.5% down payment (for purchase)
  • Refinance and rehab your own home
  • Can be used to buy property otherwise not eligible for financing
  • FICO down to 580

Fannie Mae HomeStyle®  Renovation Loan

  • Loan amount based on the home value after renovations
  • As little as 5% down payment (for purchase)
  • Refinance and rehab your own home
  • Can be used to buy property otherwise not eligible for financing
  • FICO down to 620

 Ask your loan officer about additional requirements.

FHA Loan limits vary by market. They currently range from $271,050 to $729,750 for a single-family property. To check the current loan limits for your county contact one of our professionals.

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