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What Are Your Financing Options When You Need Renovations?



Today I’ll be discussing your financing options for making repairs on your home. You might have moved into a home that may need some larger repairs, or maybe you’re about to sell but you need a little extra help with your finances.

What are your options for funding these repairs or remodels?

You can file for an FHA repair loan, which is called a 203K loan. Fannie Mae can also help you with their Homestyle Loan. Almost all of the same rules apply to these loans as do their regular mortgage products. FHA will be a little more flexible, but Fannie Mae might provide you with better terms if you qualify.



If you’re not sure what kind of loan will work for you, then I recommend speaking with us. We always work with experts to help our clients find the best possible loan.  It’s really important that we find a good fit for you because there could be a bumpy road awaiting you if we don’t fit you in with a good loan product.

If you need a loan - whether it’s to repair your home or buy a new one - please don’t hesitate to reach out to us. We look forward to hearing from you!