One-Time Close
FHA 203K Rehab
FNMA Renovation

One-Time Close


Program Details:

Any type of residential new construction including purchasing of lot and/or building the home on it

Type of property – primary or secondary 1 unit property

Loan to borrower direct - Minimum FICO of 680

Max LTV is 90% (and 90% of costs) for construction - Max loan is $4M

Program - 5/1, 7/1, 10/1 ARM.  Fixed period begins at construction closing. 

Interest only through construction period then fully amortizing payment afterwards.

Draws – maximum of 5 during construction

Liquid reserves to be maintained at the higher of either the end loan requirement or at least equal to 6 months principal, interest, taxes, and insurance up to the loan amount of $650,000 and 12 months on loan amounts of $650,001 and above.


FHA 203K Rehab


The FHA 203K  is a purchase and rehab loan rolled into one and offers all the features that make FHA loans excellent home financing solutions.

For the home that’s almost perfect, this may be a great option for you.  Remodel that kitchen or bath, add a room, porch, deck or patio, replace the roof or update your mechanical systems.  It’s all within reach for you.

Program Details:

Purchase or Refinance

1 - 4 Unit Owner Occupied Properties

Low Down Payment Option – 3.5%

Flexible FHA Underwriting Guidelines

Assumable Loans


FNMA Renovation


The HomeStyle Renovation Mortgage is a single-close loan that lets you buy or refinance a home in need of repairs or updating.  That’s right, even if you already own your home it’s possible to refinance your current mortgage and include the funds needed for repairs.

The loan amount for the HomeStyle Renovation mortgage is based on the “After Completed Value” of the home rather than what the home is currently worth.

Program Details:

1-4 Unit Owner Occupied Up to 95% LTV

Second and Vacation Homes

Investment Properties

Total Cost Of Project Cannot Exceed 50% Of The Completed Value

Minimum 3% Down Payment with Gift

Maximum 3% Seller Contribution allowed

Existing Properties Only