Create it with a renovation loan!
Sometimes the home of our dreams isn’t on the market. Instead of settling, a renovation loan allows you to buy a good home and make it into your own.
But it gets better: Instead of house hunting, you can refinance with a renovation loan to turn your existing home into the perfect abode. That means you can move into your dream home – without moving!
A home improvement can increase your home’s value and help you build equity. Renovation loans make this easy by including the purchase or refinance and renovation costs in one loan, giving you cash in hand to start your project.
Minor repairs
FHA 203(k) Limited, USDA Limited, and VA Rehab Loans offer a simple process for non-structural renovations under $35,000
Major renovations
FHA 203(k) Standard & USDA Full Rehab Loans provide over $35,000 in financing for structural repairs and additions
Flexible financing
Fannie Mae HomeStyle & Freddie Mac CHOICERenovation are perfect for projects big and small, requiring only 3% down
After closing and starting your renovation, your CCM renovation specialist will still be here to help. We’ll schedule periodic inspections, take care of draw releases to pay your contractor, and always be available to answer any questions you have.