What is a Renovation Loan?

A Renovation Loan is perfect for you if you want to upgrade your older home or fixer upper. It typically covers the cost of renovating, remodeling, and installing new plumbing or electrical systems.

What Are the Benefits of a Renovation Loan?

This is a great loan for borrowers who want to increase the value of their homes and save money on future heating and plumbing bills.

How Do I Apply for a Renovation Loan?

There are multiple types of financing you may qualify for. Contact one of our experienced Reno Loan specialists to see what type of financing would be best for your family.

PROGRAM HIGHLIGHTS

  • FHA 203 (k)
  • Fannie Mae HomeStyle® Renovation
  • Limited 203(k) Mortgage (In-House)

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Our easy preapproval process gives you the preliminary answers you need to qualify, so you can borrow the maximum amount you need to purchase your dream home.

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Texas SML - Mortgage Company License - CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

Regulated by the Illinois Department of Financial & Professional Regulation - Illinois Residential Mortgage License # MB.6761251 100 W. Randolph, 9th Floor, Chicago IL 60601 - 1(888) 473-4858 - https://idfpr.illinois.gov

State of Illinois community reinvestment notice - The Department of Financial and Professional Regulation (Department) evaluates our performances in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.

Arizona Mortgage Banker License # 1004354

Delaware Lender License # 027932

NQM Funding, LLC (NMLS # 75597) dba - Premier Mortgage Associates; Villa Home Loans