remodel means to change the structure or form. Rehab means to restore, repair
HBFS Home Fixer
$5,000. Up to $10k with exceptions.
FHA home loans can be used to purchase or refinance. They can also be used to remodel or rehab a loan.
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.
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
Home Improvement 2nds