HOME RENOVATION FINANCING One Loan Does it All!

Create the home of your dreams and settle for nothing less!

Purchase and Renovate Your New Home With One Loan!

Now there’s a loan program to finance renovations with a home purchase or refinance
and one loan does it all.

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FHA 203(k) & Fannie Mae HomeStyle Renovation Financing

  • Refinance and remodel your home with 1 simple loan - no need for a second mortgage
  • Perfect finance solution for low home equity
  • Close in as little as 30 days*
  • Avoid the challenges of moving and keep the home you love
  • Expand, modernize and beautify what you and your family already cherish
  • Kitchens, bathrooms, dormers, extensions, basements, landscaping all eligible
  • Rental/investor homes also eligible for HomeStyle financing

*with full cooperation from the broker, including acceptable full docs at submission, timely third-party responses required (i.e., HUD Consultant, appraisal)

Not sure if a home if a home renovation loan is right for you?

Download our FAQ sheet to find out!

What's Your Renovation Scenario?

Down payments can be as low as 3.5% with low interest rates!

Home Buyer

HOME BUYER

  • Easily afford your first mortgage and desired renovation on your home purchase with just one loan
  • Don’t settle for the home “as-is” because you think it’s too expensive to renovate – combine the renovation expense with your mortgage
  • Love the location and schools, but not the house itself? An all-in-one home purchase/renovation loan lets you create the home of your dreams out of a fixer-upper without settling for less
Home Owner

HOMEOWNER

  • ​Have you been putting off that renovation because you don’t want a second mortgage? A refi and renovation loan will allow you to transform your home and keep one, low-interest mortgage
  • Need a bigger home, but hate the idea of moving and leaving the house you love? A refi and renovation loan gives you the best of both worlds – the home you cherish and the expansion and modernization you want
  • Eliminate the need for using expensive credit cards
Home Investor

HOME INVESTOR

  • The Fannie Mae HomeStyle loan is a uniquely advantageous product for the thriving investor market, allowing investors to purchase and renovate single-family homes for rent with as little as 15% down. Second homes and vacation homes are also eligible and PMI may not be required.

Looking for more information about home renovation financing? Contact us today.

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900 Merchants Concourse
Suite #112
Westbury, NY 11590

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© 2018 Mid-Island Mortgage Corp. All rights reserved.

Legal ©2000-2019 Mid-Island Mortgage Corp.® 900 Merchants Concourse, Suite #112, Westbury, NY 11590. All Rights Reserved. This is not a commitment to lend. Loans with poorer credit scores are priced higher and are differentiated due to the high level of credit qualifying overlays. Restrictions Apply. Licensed Mortgage Banker-NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; Licensed by the Delaware State Bank Commissioner to engage in business in this State, License # 9680; CT, MD & MN Licensed Mortgage Lender; SCBOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; DC Mortgage Dual Authority Licensee; Georgia Residential Mortgage Licensee, License # 57717; Virginia State Corporation Commission #MC-4685—by refinancing your existing loan, your total finance charges may be higher over the life of the loan.; NMLS ID 1259 (www.nmlsconsumeraccess.org)