Cenmark Mortgage can help make your dream of creating the perfect home a reality.  We offer loan programs that help you purchase a property that is need of a little TLC, renovate your existing property, or expand your home so it suits your needs.   Here are some of the options available for renovation loans.

FHA 203K FAST

Cenmark Mortgage can assist you in obtaining and FHA 203K Fast Streamlined loan.  These loans allow for non-structural repairs and improvements under $35,000 for owner occupied properties.  This allows potential home buyers to get a really good deal on a property that might need some updating.  Also, if you currently own your home you can do some remodeling.  Here’s what you can do:

Roofs and Gutters Basement Finishing Electrical System Interior and Exterior Paint Update Appliances Deck or Patio Construction Multi-Family Properties Allowed

HVAC Systems Plumbing Systems Window and Door Replacement Kitchen or Bathroom Remodeling Flooring Disability Accessible Improvement Contingency Costs Financed

FHA 203K Standard Program

For larger projects, Cenmark Mortgage can also provide a 203K Standard Mortgage Loan for owner occupied properties.  Once thought to be complex transaction; Cenmark Mortgage has simplified the process and we are expert at closing 203K Standard Loans.  These loans allow for improvements that would be over $35,000 in cost or are structural in nature.  Similar to the 203K Fast Program these loans can be used to purchase a property in need of renovations or to renovate your existing home.  Here are some of the advantages of the 203K Standard Program:

Expansions and Additions Correcting Structural Problems Owner Performed Work Allowed Large Scale Work Multi-Family Properties Allowed

General Contractor Allowed Partial Tear Downs Plans, Blueprints, and Permit Fees Financed Financed Mortgage Payments Complete Remodeling Contingency Costs Financed

Conforming Renovation Loans

Cenmark Mortgage also offers Non-FHA insured Conventional Renovation loans.  These loans can be utilized for second homes and non-owner occupied properties or investment homes.  These Renovation Loans allow:

Large Scale Projects Plans, Blueprints, and Permit Fees Financed Kitchens and Baths Remodeling Windows and Doors Replacement 1-2 unit Properties Allowed

Additions and Expansions Complete Remodeling Interior and Exterior Work Updating Appliances Contingency Costs Financed

Contact Us today if you’re interested in renovating a home.  You can speak to one of our Home Renovation Loan Specialists and determine which program is right for you.