Finance your renovations into your mortgage!
Loans up to $647,200 and higher in some areas
Borrow up to 95% of the “after improved” value of your home
The loan value is based on your home’s current value plus the renovations per the appraisal
One time close with competitive rates; 30-year fixed product just like your existing mortgage!
Finance the cost of construction into one loan after completion.
Two-time close, one with construction lender and one for the permanent financing
Great for properties that fall into the jumbo loan parameters (higher valued homes)
Borrow up to 75% of your home’s “after improved” value (depends on the final loan amount and the current equity you have in the home)