Ideal for the perfect home that needs a little work
FHA and Conventional options available
Finance minor or major renovations
For purchase or refinance
FHA options for as little as 3.5 percent down
Finance the purchase and renovation in one loan
Ideal for homes in need of minor or major renovation
Enables homebuyers and homeowners to finance both the purchase (or refinance) of a house and the cost of its rehabilitation through a single mortgage.
Why use us for your renovation loan?
• You can choose your own contractor- We believe that you should have the freedom to pick the contractor that works best for you. However, if you need assistance finding a contractor, we can also make recommendations for reputable companies.
• You’ll have guidance throughout the entire process- Not only will you have the guidance and expertise of your loan officer throughout the process, but you’ll also have access to the renovation specialists here at Towne. The renovation department is there to guide you from start to finish—and finish isn’t when the loan closes, it’s when all the renovation work is completed.
• We’ll ensure work is completed on time—we’re here to help hold your contractor accountable, and make sure that all renovations are moving along in a timely manner, so you can move in on schedule.
Ready to take the next step?
Want us to reach out?
Our local loan officers are always happy to provide advice or answer any questions you may have on the homebuying process.