A renovation loan can allow borrowers to purchase a home they love but needs repairs or renovations. Mortgage Equity Partners offers the Fannie Mae Homestyle Conventional Renovation Mortgage. It is a single close option that enables borrowers to include the funds in the loan balance. The loan amount is based on the “as-completed” value of the home.
Mortgage Equity Partners offers the FHA limited 203 (K) Rehabilitation Mortgage. It is an easy-to-use mortgage program specifically designed for those who wish to improve an owner-occupied home they own or would like to buy. FHA Limited 203(K) allows you to finance the rehabilitation costs within the first mortgage.
Call today and learn more about how renovation lending can work for you!