HOME RENOVATION FINANCING One Loan Does it All!

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

FIND OUT HOW

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!

DOWNLOAD OUR FAQs

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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© 2019 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)