Rehab and Remodeling
Lending Solutions makes it easy to finance minor and major home improvements for primary, secondary and Investment homes. We offer multiple renovation loan options and have renovation specialist to walk you through every step.
For any and all questions you may have about renovation loans, contact us at solutions@lendingsolutions1.com.
or call (916) 299-0044
to get started today!
Renovation Program Lineup
Fannie Mae® HomeStyle®
- Up to 95% LTV of the “as-completed” value
- 85% LTV on 1-unit investment property; 90% LTV on a 1-unit second home
- FICOs Per DU
- Standard and Limited options available
- Can be used for pools and manufactured homes
- Improvements, including luxury items, that can be completed in six months are eligible
FHA 203(k)
- 620 FICOs
- High Balance loan amounts
- 1-4 unit properties, manufactured homes and condos
- Standard and Limited options available
- Manual underwriting available
Freddie Mac CHOICERenovation®
- Up to 97% LTV of the “as-completed” value
- 85% LTV on 1-unit investment property; 90% LTV on a 1-unit second home
- FICO to 620
- Improvements, including luxury items, that can be completed in six months are eligible
Home Improvement & Renovation Programs
USDA Renovation
- Up to 100% LTV for USDA qualified buyers
- Eligible for purchase transactions in eligible areas
- Owner-occupied, detached SFR/PUD
- 620 min FICO
- Closing Costs may be financed
[Check with Renovation Specialist for all requirements]
VA Renovation
- Up to 100% LTV on purchase, 90% on refi
- Up to $50K toward improvements
- 620 FICOs
- Jumbo loan amounts up to $1,089,300 nationwide
- Improvements, including luxury items, that can be completed in four months are eligible
Contact Lending Solutions to see how we can help you complete your home improvement or major renovation projects with these programs.
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Start Here to get started or to contact our finance specialist
