If you find a home to purchase with spectacular potential but it requires repairs, reconstruction or updates, a Renovation Loan from Homestead can make your vision possible. Using one loan to finance the home’s purchase and improvements simplifies the process.
Enhance Your Current Home with a Renovation Refinance
If you love your current home but maybe it’s too small or outdated, use a renovation loan to remodel and customize it to make everything exactly as you want. You can choose from our Renovation Loan options depending on the scope and type of project.
A HomeStyle® Renovation Mortgage allows for the financing equal or up to 50% of your property's post-renovation value and is available for new and existing homes.
FHA 203k Renovation
An FHA 203k mortgage allows buyers to borrow the funds for both the purchase and renovation of a home giving the availability or renovating without the need for a second loan.
FHA 203k Streamline
An FHA 203k Streamline in allows for the purchase or refinance of properties that do not require structural changes and will not exceed a total of $35,000.
Energy Efficient Mortgage (EEM)
Include the cost of add energy efficient improvements with an Energy Efficient Mortgage.