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Rehab
Loans
A
rehab mortgage loan provides homebuyers and current owners the
best financing method available to improve property condition
and value with one simple transaction. Whether you are buying
for the first time or moving into your dream home a rehab loan
provides flexibility, leverage and convenience. Once you've
identified your project needs be sure to contact a Construction
Loan Specialist who is best qualified to guide you through the
process.
There are Two Types of Rehab Loans:
Purchase Rehab - A purchase rehab loan is a great option
for buyers who are looking to improve their property immediately
upon purchase. This mortgage loan provides the funds to
purchase your home and the funds to complete your improvement
project all in one loan.
Refinance Rehab - A refinance rehab loan works similar to a
purchase rehab loan but is applicable for existing home or land
owners who are looking to improve their current properties.
This is an excellent way to not only improve the condition of
your property but in most cases, improve their value.
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