Remodel and Construction Financing
Finding, or even owning, the home of your dreams can be done, and it doesn’t need to be stressful! Scott’s Construction offers the following financing options for all your home renovation needs.
Payment Options
We gladly accept the following payment options:
Renovation Loan Programs
FHA 203k Home Improvement Refinance Program – The FHA 203k Home Improvement Refinance is a program designed to speed up a simple rate and term refinance by requiring less documentation.
FHA 203k Structural/Standard Loan – The FHA 203k Structural/Standard Loan was created specifically for projects that warrant extensive and/or structural work or repairs, projects that will take longer than six months to complete, or when the cost of the project will exceed $35,000.
FHA 203k Streamline Loan – The FHA 203k Streamline Loan option has no minimum loan amount, allows borrowers to finance up to an additional $35,000 in their loan, and is designed for non-structural, cosmetic repairs such as paint, flooring, appliances, etc.
Fannie Mae (FNMA) HomeStyle Renovation Loan – The Fannie Mae HomeStyle Renovation Loan is a conventional home renovation loan that allows homeowners to purchase a home in need of cosmetic and/or structural renovations.
Local Renovation Lenders We’ve Worked With
Ronald Peake
Guaranteed Rate Mortgage
320 W Ohio Street, Suite 410
Chicago, IL 60654
630-606-9921 (Cell)
630-869-1037 (Office)
ronald.peake@rate.com
https://www.guaranteedrate.com/loan-expert/ronaldpeake
Types of Home Renovation Loans they offer: FHA 203k and FNMA HomeStyle Renovation Loans
More information here!
Donald Revis
Top Flite Financial
9500 Bormet Drive, Suite 201
Mokena, IL 60448
708-302-5644 (Cell)
708-478-3094, Ext.30 (Office)
drevis@topflitefinancial.com
https://topflitefinancial.com/revis
Types of Home Renovation Loans they offer: FHA 203k Loans
Michael Reddy
People’s Home Equity
1801 S Meyers Road
Oakbrook Terrace, IL 60181
630-776-3009 (Cell)
630-657-0543 (Office)
mreddy@peopleshomeequity.com
http://www.peopleshomeequity.com/michaelreddy/
Types of Home Renovation Loans they offer: FHA 203k Loans