Renovation Loans are one of the more complicated mortgage programs available, so while this step-by-step guide is here to help give you an overview of the process, it is important to work with a your loan officer from start to finish to ensure a smooth process.
With an FHA 203(k) loan from Draper and Kramer Mortgage Corp., you can purchase or refinance a home and renovate it with a cost-effective, single-close loan.
With a HomeStyle® Renovation Mortgage you can combine your home purchase or refinance with home improvement financing all in one loan. This loan allows renovations, repairs, or improvements to be made to the property with down payment options as low as 5%.