Home Mortgage Blog
Renovation Home Loan Options
From completing needed repairs to making upgrades, renovation loan options can help homebuyers and homeowners transform a property with potential into their vision.
Renovation Loan Options
There are three options when it comes to renovation home loans: Conventional Homestyle, FHA 203K, and FHA 203K Streamline. Each product has its own specifications. Learn more about them below and if you’re ready to tackle that renovation project you have been dreaming of, ask a Marketplace Home Mortgage Loan Officer about what products might be right for you and your project.
Our Renovation Loan Specialists are not only versed in the construction process, they are also extremely proficient in mortgage lending. The mortgage process is more complicated than ever. Choosing the right lender can reduce potential challenges or delays during the loan process. Our Specialists will coordinate key players and services to maintain a proper timeline towards closing. They have the knowledge and resources to provide you with the best product, service, and experience.
Lending services may be provided in certain states by Marketplace Home Mortgage, L.L.C. (NMLS#1082). This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report.
If you are interested in learning more about becoming a homeowner, our loan officers can help you get started.