Services - Rehabilitation Loans

We believe that we'll see many of these loans in the near future as people decide to fix up the home they already have or purchase a home that needs some major work.

We write FHA 203(k) and FNMA Homestyle loans, and these are the most complicated transactions we do. Very few banks or brokers are well-versed and capable of doing them correctly.

But, make no mistake, these loans aren't cheap. You'll actually pay for an independent party to review and monitor the rehabilitation to protect the interests of you and the investor. However, the required checks and balances between the bank and the contractor are well worth the costs of maintaining control of a major or minor rehabilitation project. Choosing a good contractor and keeping your costs in line are also key to this transaction.

The process? First, we get together to determine if this product is right for you. Then, we require a face-to-face meeting with you, the contractor, the appraiser and the plan reviewer before submitting your loan package.

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