Renovation Loans
Need a Renovation Loan? We have several options available!No Processing
or Underwriting Fees on our renovation loans.
What is an Renovation Loan?
A renovation mortgage is a specific kind of loan intended to pay for home renovations. These mortgages can be used to renovate a current property or buy a new property with renovation costs financed as well. In a renovation mortgage, the borrower often obtains a single loan to pay for both the purchase and renovation of the property. On a renovation loan, they'll look at the value of the property after the potential renovation loans.
Why use a Renovaiton Loan?
Why use a Renovaiton Loan?
Benefits of an Renovation Loan
Benefits of an Renovation Loan
Available for purchase or refinance/renovations of current home
Available for purchase or refinance/renovations of current home
A borrower can typically finance more since the appraisal will give opinion on future value of home
A borrower can typically finance more since the appraisal will give opinion on future value of home
Down payment or equity is based on the future value of the home
Down payment or equity is based on the future value of the home
Work must be done by a licensed/insured contractor (no family relationship)
Work must be done by a licensed/insured contractor (no family relationship)
Evan and his team were quick, efficient, and communicative throughout my refinance. Highly recommend Modern Home Lending to any future or current home owner!
Dylan Lesan
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different renovation loan options
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different renovation loan options
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different renovation loan options
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
Get a No-Cost Quote in
Just 30 Seconds!
Get a No-Cost Quote in
Just 30 Seconds!
Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 | CO#1738930
| GA#1738930 | FL#MBR4862
Reach out to us
4250 N Drinkwater Blvd #300
Scottsdale, AZ 85251
info@modernhomelending.com
© 2023 Mordern home lending All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com
Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 |
CO#1738930 | GA#1738930 |
FL#MBR4862
© 2023 Modern Home Lending. All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com
Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 |
CO#1738930 | GA#1738930 |
FL#MBR4862
Reach out to us
4250 N Drinkwater Blvd #300 Scottsdale, AZ 85251
info@modernhomelending.com
© 2023 Mordern home lending All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com