HomeStyle Renovation Loan Program – Houston Mortgage

House HomeStyle RepairHouston Mortgage understands how time-consuming and frustrating it can be for potential homebuyers to find the right financing for their future home, especially if the home is in need of repair. Here, you can learn more about an affordable option to renovate or improve your home. The HomeStyle Renovation Loan Program provides value efficiency, saving the potential homebuyer time and money.

 

Houston HomeStyle Renovation

With the HomeStyle Renovation Loan Program, eligible borrowers can conveniently make the necessary renovations or repairs on their home. Essentially, the program combines the home purchase or refinance and the home improvement financing together in one, single loan with one closing. Lastly, the HomeStyle Renovation Loan Program provides Streamlined documentation.

 

Eligible Properties include:

    • Single Family Homes (up to 4 units)

 

    • Multi Family Homes (up to 4 units)

 

    • Condos (up to 4 units)

*Primary, second home and investment are all eligible

 

Repair Limit

  • Qualified borrowers can make renovations, repairs, or improvements that total up to 50% of the “as-completed” appraised value of the property – that’s up to $150,000!

 

Eligible Repairs and/or Improvements include:

    • Any repair that adds value to the property and are permanent – this includes structural repairs

*Ask a Houston Mortgage expert for more details.
If you have any additional questions about this loan program or any other Houston renovation home loan program, please call (800) 308-8503 or fill out the form on the right.

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In accordance with Section 326 of the USA PATRIOT Act of 2001, PrimeLending is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. * These summaries are based on a $125,000 loan amount, on a loan term of 360 months, with an interest rate of 4.00% and an annual percentage rate of 4.13%