(760) 455-9028
RENOVATION/CONSTRUCTION LOAN
What is a Renovation Loan?
Maybe you've found the perfect location, but the house needs upgrades to make it suitable for you in your next chapter of life - instead of moving to a senior living community of some sort.
Maybe staying in your current (but outdated or not suitable for someone with limited mobility) home is what is important. Either way, a construction/renovation loan lets you make upgrades now and pay over time - so you can create a space suited to the next chapter of your life - quickly if needed.
How does a Home Renovation Loan Work?
Maybe you've found the perfect location, but the house needs upgrades to make it suitable for you in your next chapter of life - instead of moving to a senior living community of some sort.
Maybe staying in your current (but outdated or not suitable for someone with limited mobility) home is what is important. Either way, a construction/renovation loan lets you make upgrades now and pay over time - so you can create a space suited to the next chapter of your life - quickly if needed.
The Benefits
Only One Loan
You're able to buy or refinance a home and make renovations with just one loan and monthly payment
Make Updates to Suit your Style
You can make the home your own and update it to suit your needs for your next chapter
Location, Location, Location
Buy a property in a neighborhood you love, or stay where you are and make it your dream home.
Spread Out the Cost
Pay for the cost of renovation over the life of your home instead of all at once.
Borrow More
You're able to borrow more money because the loan amount is based on an appraiser's estimate of what the property will be worth once the improvements have been made.
Tax Benefits
You'll likely benefit at tax time because you can take advantage of more tax deductible interest since the remodeling costs are all included in your first mortgage.
