Remodel Loans – Full or Partial
Is it time to make that dream kitchen happen?
When you have a home that you would like to update, enlarge or repurpose – a major remodel loan is the loan to use. There are limitations to these types of loans, however – the primary one being the maximum loan amount, which is the current conforming limit depending on your county. If you need a larger loan amount, you may need to move up to the construction loan. Call Theresa to discuss the construction loan options.
You can use this loan for a house you are buying as part of the purchase, or as a refinance to the house you already own. The procedures are similar to the construction/perm loan, except your Plans and Specifications will include remodel activity instead of starting from the raw dirt. Also with these loans the home is appraised as though all the work is completed before the work is started, this is called future value or added value.
Call Theresa Springer (MLO #70667/NMLS #70667) today at 360-798-4161 to see the difference that working with an experienced home loan professional can make for you.
Word on the Street...
"Theresa sat down with us and helped us clean up our credit, showed us what we couldn't see, and over the course of a year we were able to purchase our first home. Not only was she helpful up front, but Theresa made the entire process painless. Her help and personal attention was priceless. Just recently, when rates were dropping Theresa contacted us and helped us through a refinance. Thanks for helping us with everything! Theresa will be hearing from us soon on our next home purchase!" -- Cory & Bob
Testimonials appearing on this site are individual experiences from those who have worked with Theresa Springer. They are individual results and results may vary.