Pacific Northwest renovation Lender
Want a new home? But don’t want to purchase a home from a builder… Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town. Making your dream home come true might just be in updating that older home.
Capital home mortgage offer all types of renovation loans to make this happen. Take a look at the programs below and give us a call to discuss your options. But with a sufficient amount of savings and the determination to see it through, it’s not impossible. If you’re the ambitious kind and have chosen to renovation or rehab your house instead of buying an already built one, what you’re getting is a construction loan. To explain in full detail, we will tackle construction loans and the many complexities involved in applying for them.
Why THe Pacific Northwest is 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
Pacific Northwest 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 mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Pacific Northwest 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)
Pacific Northwest 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)
Pacific Northwest fHA 203K Renovation Loans
FHA 203K is a great option for makes cosmetic changes to an older home. It allows a 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.
- 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
