Renovation Loans
Renovation loans are a type of construction loan that can be used to purchase a home and remodel, tear down, or do an addition. They can also be used to refinance an existing mortgage on your home if you are planning a large remodeling project or addition to your home. The following are the most common types of renovation loans:
- Fannie Mae HomeStyle Renovation Loan
- FHA 203k Loan
- Construction Only Loan
- Construction to Permanent Loan
- One Time Close Construction Loan