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Renovation Loans

Renovation Loans

Ideal for the perfect home that needs a little work
HIGHLIGHTS
  • 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?

CALL NOW Apply Now
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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.

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Renovation Loans

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TowneBank Mortgage is your hometown mortgage company. As a division of TowneBank, we uphold the principles and philosophies that have been established by our hometown traditions. TowneBank Mortgage is dedicated to providing the personal experience that you expect from a hometown lender with the most advanced technology available to offer affordable loans, quick processing and exceptional service.
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  • NMLS # 512138

Equal Housing Lender

NOTICE TO CONSUMERS REGARDING MARYLAND LENDER LICENSEES: TowneBank Mortgage is licensed to engage in business as a Maryland Mortgage Lender and assigned a unique NMLS identifier number: 512138. The NMLS Consumer Access Website is linked here: https://www.nmlsconsumeraccess.org/

Links and content are being provided for informational purposes only. TowneBank Mortgage has no control over any other website and is not able to endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on any site other than this one. This is not a commitment to lend.

© 2023 TowneBank Mortgage. All Rights Reserved. 3 Commercial Place, Suite 1200, Norfolk, VA 23510. Phone: (888) 637-1321
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