Construction Home Loans

remodel means to change the structure or form. Rehab means to restore, repair

VA Remodel

 

HBFS Home Fixer

$5,000.  Up to $10k with exceptions.

 

FHA 203k

203kS

FHA home loans can be used to purchase or refinance. They can also be used to remodel or rehab a loan.

 

HomeStyle

 

Home Path

 

New Construction Loan

The two methods to financing the building of a new home are the “one-time close” and the “two-time close.” The two-time close is more traditional than the one-time close.

 

Two-Time Close

The “traditional” route involves acquiring an interim construction loan to construct the home and then refinancing that loan into a permanent mortgage once the construction is completed.

 

Interim Construction Loan

 

 

One-Time Close

 

Home Improvement 2nds