Initial Money Incentive

Need Money To Renovate Your Home?

Do you want to remodel your property but need the money to do so? Our team offers Renovation Loans to Turn a Fixer Upper into a remodeled property. With a renovation loan, you are able to roll the cost of financing or refinancing a home and repairs into one loan which allows you to save time and money.

Limited 203(k) Rehabilitation Mortgage
With an FHA Limited 203(k), it can provide up to $35,000 to help make non-structural repairs or reconfigurations like updating the flooring, bathroom, kitchen, or appliances of a property.

HomeStyle Renovation Loan
Our team offers HomeStyle renovation loans in order to cover the costs of remodels, reconfigurations, or renovations for your property. With this loan there are no required improvements or restrictions on the types of repairs that are allowed. Improvements or repairs must add value to the property, be completely by a licensed contractor, and be permanently affixed to the real property.

Standard 203(k) Rehabilitation Mortgage
The Standard FHA 203(k) may be for you if your property needs more than $35,000 in structural remodels or repairs. This program provides a removal of restrictions of the limited option to allow for major home remodeling. This loan may provide additional funds* to assist with eligible renovations such as landscaping, the removal of walls, etc.

*Final disbursement of funds is subject to final inspection.
Loans provided by Patrick McElligott (NMLS 289719) at Right Choice Mortgage (NMLS 1132583)

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