Florida Renovation Mortgage Lender
Welcome to Capital Home Mortgage Florida, where we strive to provide Florida homebuyers and homeowners the latest Florida Renovation Home Loan Programs at competitive Florida Renovation Mortgage Rates and fees while providing outstanding customer service. Whether you are looking for a Florida Fannie Mae HomeStyle Home Loan, Florida Freddie Mac Choice Home Loan or a Florida FHA 203K Home Loan Renovation Mortgage Lender we understand that renovating a home is an important decision and full of unknowns. This is why Capital Home Mortgage Florida provides dedicated Florida renovation specialists to walk you through the entire process from budgeting to selection of the right Florida Renovation Home Loan program and ending with an on-time closing.
Capital Home Mortgage Florida manages the entire lending process. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings. As a direct lender we have complete control over everything from the application to the funding to final construction draw.
Call today (239) 310-5599 to talk to one of our Florida Renovation Loan Officers.
Florida Renovation Mortgage Rates
Florida Renovation Rehab Overview
Florida’s growing economy and expanding population are reflected in the state’s active and diverse building and rehabilitation sector. Florida has experienced significant economic growth, drawing in both businesses and people. This growth increases demand for new house construction and remodeling projects.
Due to the state’s growing population, numerous employment prospects, and affordable cost of living, Florida has a considerable need for new residential building. In Florida, home remodeling and improvements are becoming more popular due to the state’s housing shortage. In addition to buying older properties specifically for this reason, homeowners regularly make improvements and upgrades to their homes. Popular renovation projects include adding rooms, updating bathrooms and kitchens, and making energy-efficient changes.
Ecological and energy-efficient building techniques are becoming more and more important. In order to meet environmental standards and address climate issues, builders and developers are implementing green building concepts. In Tennessee, state and local building codes must be adhered to during construction and restoration projects.
To fulfill project demand, the construction industry significantly depends on skilled labor. Worker availability and retention challenges may arise for contractors and construction companies operating in Florida.
Florida Renovation Home Loans
Capital Home Mortgage Florida offers extensive mortgage solutions specifically tailored for home renovations. These solutions aim to support prospective homeowners in converting older properties into their dream homes. Reach out to us today to speak with a Florida Renovation Specialist about the Florida Fannie Mae HomeStyle Home Loan, Florida Freddie Mac Choice Home Loan, or Florida FHA 203K Home Loans.
Fannie Mae Homestyle Reno is a program that allows a Florida homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.
Borrowers can use the Fannie Mae HomeStyle Renovation loan to acquire a property in need of repairs or to refinance their current mortgage and obtain funds for renovations. The loan proceeds are deposited into a separate escrow account for contractor payment. Borrowers cannot access such funds as a home equity loan or cash-out refinance. A HomeStyle loan has a single monthly payment; there is no need to obtain separate loans for the mortgage and repairs. Borrowers may use the funds to renovate second residences or rental properties. Any renovation or repair that is permanently affixed to the property is acceptable.
- 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)
Freddie Mac Choice Reno is a great alternative to a new home purchase. It allows for a Florida 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. Borrowers can use this loan to purchase a home in need of repairs or to refinance their existing property and include renovation funds in the new loan amount. The loan amount is based on the home’s “as-completed” value instead of its current value.
This loan program allows up to $200,000 in repairs on 1-4 primary residences or second properties with one unit. When considering a home improvement loan, it is essential to weigh the advantages and disadvantages of each type and determine which one best suits your financial situation, credit score, and the scope of your home improvement project.
- 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)
FHA 203K is a great option for makes cosmetic changes to an older home. It allows a Florida FHA buyer to update out of date cosmetics of a home as part of purchase or refinance. Make that old home new with a Streamline 203K renovation.
FHA Loans are government-backed mortgages that allow borrowers to finance the purchase and repair of a home with a single loan. They are insured by the Federal Housing Administration (FHA) and aim to make it easier for individuals to buy and renovate properties, particularly those that require significant repairs or improvements. FHA 203(k) loans are unique in combining the home purchase price and rehabilitation costs into a single loan, streamlining the financing process for purchasers looking to fix up a property. These loans come with low down payment requirements, often as low as 3.5% of the total loan amount, making them more accessible to borrowers with limited funds.
However, there are some disadvantages and strict requirements associated with FHA 203(k) loans. The eligibility requirements for properties and improvements can be stringent, as the loan is intended for properties in need of significant repairs or renovations that will improve the home’s value and livability. Additionally, these loans require mortgage insurance, which can increase the overall cost of the loan. Obtaining an FHA 203(k) loan can be lengthy and complicated, as it involves working with FHA-approved lenders, consultants, and contractors throughout the renovation process.
- 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
Apply for a Florida Renovation Home Loan!
Florida residents should use a renovation home loan to effectively finance necessary home improvements, increase property value, and modernize older homes without depleting personal savings. These loans offer affordable rates and flexible terms, making it easier to enhance energy efficiency, customize living spaces, and maintain the safety and appeal of their homes, ultimately leading to a more comfortable and valuable property.
Call us today at (239) 310-5599 to talk to one of our Florida Renovation Loan Officers.
Why Florida is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
Florida Mortgage Company Reviews
Florida Mortgage Team
Florida Mortgage Programs
Florida Home Purchase loans
Looking to Purchase a Florida 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, 2nd Home, Investment
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Florida Renovation Home Loans
Looking to Rehab a Florida Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Florida FHA Home loans
Great 1st Time Florida 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 Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
Florida va Home Loans
100% Financing for Florida Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Florida Conventional Home loans
Flexibility for Florida 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
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Florida Jumbo Home Loans
Florida Non-Conforming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
Florida USDA Home loans
100% Rural Florida 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.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Florida Native american Home Loans
Florida 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
- Purchase, Refinance, and Renovation
Florida Manufactured Home loans
Great Florida Alternative Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Florida Reverse Mortgage Loans
Your Florida 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
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Florida Non QM Home loans
Making Florida Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Florida Construction Home Loans
Build Your Florida 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 Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Florida Refinance Mortgage loans
Florida Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Florida Cashout Mortgage Loans
Florida Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
Florida Cities
Why Florida HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
Florida Mortgage Rates
Interests rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Florida Fannie Mae HomeStyle RenovatioN Loan
- 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)
Florida Freddie Mac Choice Mortgage Loans
- 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)
Florida FHA 203K Renovation Loans
- 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
