Rehab Loans

Refinancing with a rehab loan, such as the FHA 203(k) or Fannie Mae HomeStyle Renovation loan, allows you to access additional funds to complete home improvements or repairs. This type of refinance enables you to incorporate the cost of renovations into your existing mortgage, which can be ideal if you are looking to upgrade your home or address issues without taking out separate financing. The process typically involves working with contractors and obtaining estimates, but the end result can significantly enhance the value and functionality of your property.

By refinancing a rehab loan, you can consolidate renovation costs and potentially lower your overall interest rate compared to a traditional renovation loan.

This approach simplifies the financing process and can make it easier to manage your home improvements alongside your mortgage payments. Rehab loans are particularly useful for homeowners who want to modernize or expand their property while maintaining a single, manageable loan. Get in touch today to learn how we can help you!