Whether you’re buying, refinancing, building or remodeling a home, Mortgages For America has the right VA-backed and non-VA home loan product to fit your needs. And we’re excited to announce our new website, rehabloans.org, which highlights our home renovation and construction programs.
How rehab loans work
RehabLoans.org will specialize in providing financing for homeowners looking to build or remodel their dream home. With no-money-down construction and renovation loans backed by the U.S. Department of Veteran Affairs (VA) and Fannie Mae’s HomeStyle Renovation Loan, we can finance almost any residential construction project quickly and easily.
The Fannie Mae HomeStyle renovation loan gives borrowers the freedom to buy or refinance a home and take out enough money to complete the renovation of your dreams. Whether it’s a new kitchen, new master bathroom, energy efficient upgrades or all of the above, we’ve got you covered.
The HomeStyle renovation loan has no improvement restrictions, no minimum or maximum dollar amount on repairs and values your home for loan purposes on the post renovation value.
The VA Rehab program allows Veterans to Purchase or Refinance a home and add up to $35,000 in repairs to the loan. Mortgages for America is proud to support the men and women who serve our country by offering a new VA mortgage product, to help them afford renovations and make a house, a home.
Home renovation financing
Mortgages for America offers a robust portfolio with loan options for almost every home renovation imaginable. In addition to the VA and Fannie Mae construction loan options, we also offer FHA construction loans, including the traditional and streamline FHA 203k rehab mortgage and other special repair loans.
At Mortgage for America, we specialize in VA home loans, but these new products allow us to serve veterans and non-veterans better with more products to fit most needs.
For more information on home renovation loans and home construction loans, speak with a Mortgages for America representative today. Our team of construction financing experts are available to answer any questions you may have. Call us today at (888) 320-7888.