Renovation Home Mortgages
Welcome to Capital Home Mortgage! We provide homebuyers and homeowners with the latest Renovation Home Loan Programs, offering competitive rates and exceptional service. Whether you are looking for a Fannie Mae HomeStyle Home Loan, Freddie Mac Choice Home Loan or a 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 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 (800) 804-5181 to talk to one of our Renovation Loan Officers.
Renovation Mortgage Rates
Renovation Home Loans
Capital Home Mortgage offers a complete line of home renovation mortgage programs to help all homebuyers make that the older house into a perfect home. Call today to speak with a Renovation Specialist about a Fannie Mae HomeStyle Home Loan, Freddie Mac Choice Home Loan or a FHA 203K Home Loans. Making your dream home come true might just be updating that older home.
Fannie Mae HomeStyle Home Mortgages
Homestyle Home Loans
- 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 – $806,500
- High Balance (Varies By County)
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.
Freddie Mac Choice Home Mortgages
Choice Reno Home 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 – $806,500
- High Balance (Varies By County)
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.
FHA 203K Home Mortgages
203K Home Loans
- Purchase & Refinance Options
- Primary Residence Only
- 1 to 4 Unit, Manu Homes, Condos
- As-is Value, Rehab Costs & Fees
- 110% of After-Improved Value
- 100% for Condos
- 203K Streamline < 75K, Cosmetic Only
- 203K Full > 75K, No Restrictions
FHA 203K is a great option for makes cosmetic changes to an older home. It allows a FHA buyer to update cosmetics of a home as part of purchase or refinance. Make that old home new with a 203K renovation.
Why Homeowners Choose 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
Capital Home Mortgage Company Reviews
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a 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
Renovation Home Loans
Looking to Rehab a 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
FHA Home loans
Great 1st Time 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
va Home Loans
100% Financing for 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
Conventional Home loans
Flexibility for 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
Jumbo Home Loans
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
USDA Home loans
100% Rural 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
Native american Home Loans
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
Manufactured Home loans
Great 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
Reverse Mortgage Loans
Your 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
Non QM Home loans
Making 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
One Time Close Home Loans
Build Your 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
Refinance Mortgage loans
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
Cashout Mortgage Loans
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
State Specific Mortgage Information
1. What is a renovation home loan and how does it work?
A renovation home loan combines the cost of purchasing or refinancing a home with the funds needed to renovate or repair it — all in one loan. It allows borrowers to finance both the home price and renovation expenses through a single monthly payment, simplifying the process and potentially increasing property value.
2. Who qualifies for a renovation home loan?
Borrowers typically qualify with a credit score of 620 or higher, a steady income, and a manageable debt-to-income ratio. Lenders also review renovation plans and cost estimates to ensure the project aligns with program guidelines. FHA 203(k), VA Renovation, and Conventional Homestyle loans each have unique eligibility criteria.
3. What types of renovation loans does Capital Home Mortgage offer?
Capital Home Mortgage offers a full suite of renovation loan options, including FHA 203(k) Loans, Fannie Mae Homestyle Loans, VA Renovation Loans, and USDA Repair Loans. Each program is tailored to different borrower needs — from first-time buyers to veterans and rural homeowners.
4. Can I use a renovation loan to refinance my existing home?
Yes. Renovation loans can be used for both home purchases and refinances. Refinancing with a renovation loan allows you to roll your existing mortgage and remodeling costs into one, helping you upgrade your property without taking on multiple loans.
5. What types of home improvements can be financed with a renovation loan?
You can finance a wide range of projects, including kitchen and bathroom remodels, roofing, flooring, HVAC systems, energy-efficient upgrades, and structural repairs. Some programs also allow luxury improvements like landscaping or accessibility enhancements.
6. How do renovation home loans differ from personal loans or HELOCs?
Unlike personal loans or HELOCs, renovation loans are based on your home’s after-improved value, allowing for higher borrowing limits and lower interest rates. They’re designed for larger home improvement projects and offer the benefit of a single mortgage payment.
7. How can Capital Home Mortgage help me get started with a renovation home loan?
Capital Home Mortgage simplifies the renovation loan process with expert guidance, fast approvals, and flexible financing options nationwide. Our experienced loan specialists help you choose the right renovation program, coordinate with contractors, and ensure a smooth closing — from application to completion.