Renovation Loans

Cenmark can help make your dream of building the perfect home a reality. Whether you’re purchasing a home or renovating an existing home, our loan programs will help you get what you’ve been dreaming about.

Purchase With 203k

We can utilize a 203K Loan while your purchasing your home. This may enable you to get a really good deal on a home that is in need of repairs or renovations. This usually allows you to build equity in your home quickly since you were able to purchase for a low price and fix your home through this loan.

Refinance With 203k

Existing Homeowners can utilize the 203K Loan Program to renovate their home instead of having to shop for a new property. This program can help you convert your existing property into the home you’ve always dreamed of.

203K Features

  • – Expansions & Additions
  • – Finance Appliances
  • – Windows & Doors Replacement
  • – Finance ALL Construction Costs
  • – Contingency Cost Reserves
  • – Update Electrical Systems
  • – 1-4 Family Homes
  • – Basement Finishings
  • – Finance Landscaping
  • – Upgrade Flooring
  • – Roofs & Attics
  • – Deck & Patio Construction
  • – Kitchen & Bath Remodel
  • – Finance Architect & Permit Expenses
  • – No Payments for 6 Months
  • – HVAC Systems
  • – Disability Accessibility Improvements
  • – Complete Rebuild Allowed
  • – Fix Structural Defects
  • – Plumbing Systems

Cenmark Mortgage can utilize Fannie Mae’s HomeStyle Renovation product to help you create the home of your dreams. This product provides you with a cost effective way to renovate your home.

Purchase With a Renovation Loan

We can help you purchase a home that may be in need of renovations, and you can finance those renovation costs into your new mortgage amount. This can help you quickly build equity in your home. This is a great option for someone looking to get a bargain on a home and renovate it to make your own.

Refinance With a Renovation Loan

Existing Homeowners can refinance their home and add the cost of remodeling or renovating into your new mortgage. You don’t need to buy a new home to upgrade, you can simply finance the costs of your renovations and stay in your home.

Benefits of a Renovation Loan

  • – Finance Luxury Items
  • – Finance a Pool or Hot Tub
  • – Fencing Allowed
  • – Expansions & Additions
  • – Finance Appliances
  • – Windows and Doors Replacement
  • – Finance ALL Construction Costs
  • – Contingency Cost Reserves
  • – Roofs and Attics
  • – Deck and Patio Construction
  • – Kitchen and Bath Remodel
  • – Finance Architect and Permit Expenses
  • – No Payments for 6 months
  • – Basement Finishing
  • – Finance Landscaping
  • – Upgrade Flooring
  • – Complete Rebuild Allowed
  • – Fix Structural Defects
  • – Update Electrical Systems
  • – HVAC Systems
  • – Plumbing Systems
  • – 1-4 Family Homes
  • – Disability Accessibility Improvements