Purchase and renovate  /  refinance and renovate

 Owner Occupied / conventional      Examples - remodels, additions, scrapes, pop tops, etc.

*           5% down with minimum 620 credit (at risk markets may be higher down)

*           Purchase and renovate with one loan and one close

*           loans up to conforming limit of $417,000 (may vary depending on market)

*           Loans based on the "after improved" value of the home

*           Finance up to 6-months payments into the loan during construction

*           30-year fixed rates

 *           Purchase and renovate with one loan and one close

*           minimum 3.5% down

*           Perfect for foreclosed properties / HUD properties / First time homebuyers!

*           minimum $5,000 in repairs;  most improvements allowed

Investor / conventional

*           Loan sizes up to $417,000

*           Purchase and renovate with one loan

*           minimum 20% down