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Renovations Loans are allowed for FHA, Conventional, VA or USDA Financing for borrower
to finance home improvements in a purchase or refinance of an existing home.
THIS LOAN BEST FITS YOU IF . . . You have lot of money in liquid assets but your income doesn’t show it.
THIS LOAN BEST FITS YOU IF . . . You are a contractor not a W2 employee. Your taxes make it hard to qualify.
THIS LOAN BEST FITS YOU IF . . . You want to close in the name of an LLC. You can no longer finance using Fannie Mae due to too many homes being financed. Your debt to income is too high to qualify with a standard loan but the house is going to cashflow.
THIS LOAN BEST FITS YOU IF . . . You own a business but you write everything off. Since your last year of filing taxes business has grown but your taxes don’t show that increase in income.
THIS LOAN BEST FITS YOU IF . . . You want to close in the name of an LLC. You can no longer finance using Fannie Mae due to too many homes being financed. Your debt to income is too high to qualify with a standard loan but the house is going to cashflow.
THIS LOAN BEST FITS YOU IF . . . You own a business but you write everything off. Since your last year of filing taxes business has grown but your taxes don’t show that increase in income.
THIS LOAN BEST FITS YOU IF . . . You’re able to put 5% down on a jumbo loan (no mortgage insurance).
THIS LOAN BEST FITS YOU IF . . . You have good credit but a recent bankruptcy or foreclosure.
THIS LOAN BEST FITS YOU IF . . . Have a minimum of 30% down payment. You do not reside in the US You have 12 months of reserves held in a US bank
THIS LOAN BEST FITS YOU IF . . . You have a tax ID number & no social Have a minimum of 15% down payment. No employment authorization card or green card required
410-241-5555
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