Capital Home Mortgage Juneau

Juneau Renovation Home Loans

Renovation Mortgage Lender Juneau Alaska

Home Renovation Loans in Juneau Alaska

A loan for home upgrades is a particular kind of loan that provides homeowners with the money they need to make repairs and other changes to their homes. It frequently comes along with a home loan. This loan can be used by borrowers to pay for a property or refinance an existing mortgage. The only sort of loan that enables homeowners to earn credit for an increase in the value of their homes is a property improvement loan. The borrower can then get the best interest rate possible.

For home improvement loans, which are computed based on an estimate of the home’s value after it has been renovated, the value of the home after it has been renovated is the most crucial factor. Depending on the type of loan taken out, the borrower might need to show proof that the money was used to build the property or paid to a contractor.

FHA 203 Loans for Home Renovation (k)

This government-backed loan can be used to finance both the purchase and renovation of real estate. FHA 203(k) loans come in two varieties: limited 203(k) loans, which have a $35,000 maximum loan amount, and standard 203(k) loans, which are for more involved home remodeling or construction projects. Both of these loans have a 580 minimum credit score requirement.

HomeStyle by Fannie Mae

Homebuyers can finance the cost of their home’s purchase or refinance as well as renovations or repairs with just one loan thanks to a type of mortgage loan known as a Fannie Mae HomeStyle loan, also known as a HomeStyle Renovation loan. This loan is provided by Fannie Mae, a government-sponsored organization that seeks to increase the likelihood that American families will own homes.

The HomeStyle loan can be used for a range of home renovation tasks, from little changes like installing energy-efficient appliances to major tasks like remodeling a kitchen or bathroom, adding a room, or landscaping. The loan can also be used to bring an old house back to its previous beauty.

Remember that these loans have particular credit and income restrictions as well as a minimum 5% down payment of the purchase price or the property’s value as-completed. Every remodeling job must also be completed by a licensed contractor and adhere to all relevant codes.

Renovation Freddie Mac Choice

CHOICE

Renovation permits lenders to provide Freddie Mac with loans in which the borrower uses the loan proceeds to pay for upgrades. For lenders looking to encourage renovation finance and provide borrowers with cost-effective options, this solution fills a market need.

Although they have substantial differences, CHOICERenovation and HomeStyle Renovation loans are both mortgage options for funding home modifications. The CHOICERenovation mortgage allows you to finance improvements to your home’s resilience (think of it as “disaster proofing”), but the HomeStyle mortgage does not.

The most significant difference is that the total cost of the renovations that can be financed cannot exceed 10% of the home’s value after completion (or 15% in rural regions with a high needs rating). Additionally, any Freddie Mac Seller may offer recourse-free CHOICEReno eXPress mortgages prior to the completion of the renovations, even if they are still in progress.

Apply for a loan to renovate your Alaskan home

Both a direct lender and a servicer of mortgage loans, Capital Home Mortgage Juneau offers an entire range of loans for home upgrades are available to Juneau residents. Our highly skilled mortgage staff will collaborate with you to identify the best lending package that satisfies your needs and stays within your financial restrictions.

Please call us at (907) 531-5048 to begin your home improvement work.

Why Juneau HomeBuyers are Choosing Capital Home mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Juneau Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Juneau Fannie Mae HomeStyle RenovatioN Loan

Fannie Mae Homestyle Reno is a program that allows a homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Purchase & Refinance
  • As Completed Values
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Juneau Freddie Mac Choice Mortgage Loans

Freddie Mac Choice Reno is a great alternative to a new home purchase.  It allows for a buyer to renovate a home as part of purchase or refinance bringing it back to life. Making your dream home come true might just be updating that older home.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Juneau FHA 203K Renovation Loans

FHA offers both a Steamline and Full Rehabilitation Loans.  This is a great option for 1st time homebuyers looking to purchase a home that needs a little TLC.

  • Purchase & Refinance Options
  • Primary Residences Only
  • Single, Multi Family & Condo’s
  • As-Is Improved Renovated Value
  • 203K Streamline
  • Less < 35K, Cosmetic Repairs Only
  • 203K Full Rehab
  • Greater > 35K, No Restrictions
Juneau Mortgage Programs

Juneau Home Purchase

Thinking of Buying a Juneau Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Juneau renovation home loans

Looking to Rehab a Juneau Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Juneau FHA Home Loans

Great for 1st Time Juneau Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Juneau VA Home Loans

100% Financing for Juneau Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Juneau Conventional Home Loans

Flexibility for Juneau Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Juneau Jumbo Home Loans

Juneau Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Juneau USDA Home Loans

100% Rural Juneau Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Juneau Native American Home Loans

Juneau HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Juneau Manufactured Home Loans

Great Alternative Juneau Housing

Juneau reverse mortgages

Your Juneau Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Juneau Non QM Home Loans

Making Juneau Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Juneau One Time Close mortgages

Build Your Juneau Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Juneau Refinance Mortgage Loans

Juneau Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Juneau Cash-out Home mortgages

Juneau Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Juneau Alaska Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

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