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We are looking to purchase and renovate and need a mortgage loan

We are looking to renovate a home that is listed at 235k. Renovations are estimated to be 80k. We have 60k available for a down payment. What is the best way to go about this? by lyndagraham217 from Andersonville, Georgia. Oct 8th 2015 Reply


Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

Contact local lenders and ask them about the HOMESTYLE product for conventional renovation loans. It will be the best single mortgage renovation product more than likely for your situation. The home will need to have an appraised value to support the work being completed.

Oct 8th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,795 contributions

The conventional HomeStyle Renovation loan. The home will need to appraise after improvements to satisfy the lenders minimum loan to value requirements, but there is a loan product you can use, and any competent loan officer should be able to walk you through this process. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Oct 9th 2015
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Ryan Jacobs (ryan@firstfidelityfunding.com)
#96 ranked lender in Georgia - 1 contribution

We have the perfect renovation loan for that purpose. Please email me at Ryan@firstFidelityFunding.com so we can discuss in more detail. ThanksRyan Jacobs | Elite Mortgage PlannerFirst Fidelity Funding and Mortgage Corporation 6100 Lake Forrest Drive Ste 245 | Atlanta, GA 30328 Ph: 404.943.1533 ext 222 | e-Fax: 800.933.3810 Ryan@FirstFidelityFunding.comwww.FirstFidelityFunding.comGeorgia Residential Mortgage Licensee # 13245NMLS Company License # 144362NMLS Loan Originators License # 162445

Oct 8th 2015
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