Capital Home Mortgage Corpus Christi

Corpus Christi Renovation Home Loans

Corpus Christi Renovation Mortgage Lender

Corpus Christi Home Renovation Loans

Renovation loans are loan products for borrowers who need additional financing to improve, extend, or modify their existing dwelling. However, renovation loans can also be used to buy and renovate an old house. This renovation loan suits families who want a decent, modest, sanitary home.

Is it time to give your old home a makeover? Capital Home Mortgage offers a variety of home renovation loans in Corpus Christi. These include: 

  • FHA 203(k) Loans

FHA loans are loans with government backing to help Americans with low credit scores and poor credit histories. You can get an FHA loan to buy a brand new home or for renovation purposes. FHA loans for renovations have two types, and you should first determine the extent of the renovation before getting an FHA 203(k) loan

      • Standard 203(k)

A standard 203(k) is a loan product suitable for major repairs and extensive work. If the repair has significant structural improvements, you should get the standard 203(k) because it has no loan limit. The improvements eligible for this FHA renovation loan are the following: plumbing, flooring, remodeling, landscaping, roofing, sewage improvements, site relocation, accessibility upgrades, and storm shelter remodeling.

      • Limited 203(k)

Limited 203(k) loans are capped only up to $35,000. You can get this loan for minimal repairs that don’t involve minor structural improvements. Since this loan has a maximum amount, it’s easier to get a limited 203(k) than a standard 203(k).

  • VA Home Improvement Loans

Active members of the military or their surviving spouses are eligible to apply for a VA loan to buy or renovate a home. However, a VA home improvement loan covers purchasing an old house in poor condition and renovating it to make it livable. The VA only allows roofing, energy-efficiency upgrades, structural repairs, HVAC replacements, flooring, and electrical repairs.

  • Fannie Mae HomeStyle Loans

Fannie Mae also offers renovation loans, which are more inclusive than FHA 203(k) loans. HomeStyle loans can cover luxurious and extravagant renovations to your home, which you’re not allowed to do under FHA 203(k) loans. However, you cannot demolish and rebuild homes, build a second home, or make temporary improvements using a HomeStyle loan.

  • Freddie Mac CHOICERenovation Loans

CHOICERenovation loans are similar to HomeStyle loans but with additional requirements. Hence, Freddie Mac renovation loans aren’t as liberal as Fannie Mae loans. In CHOICERenovation loans, the repair cost must be lower between the purchase price plus renovation cost or post-renovation value. If you want to refinance, renovations must not exceed 75% of the post-renovation value.

Finance Your Home Renovation With Capital Home Mortgage

Capital Home Mortgage is one of the leading providers of home renovation loans in Corpus Christi. Our Loan Officers work hard to help make the application process smooth and hassle-free for our clients. After all, a home renovation should be an exciting experience.

As a direct mortgage lender, we finance all approved loans at competitive interest rates and low processing fees. Call us now at (800) 850-4255 to get started.

Why Corpus Christi is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Corpus Christi Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Corpus Christi Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Corpus Christi Renovation 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

Corpus Christi FHA Renovation 203K Loan

Renovation 203K Home Lender
  • Purchase & Refinance
  • Primary, 2nd and Investment
  • As-Completed Values
  • Homestyle Standard
  • HomeStyle Limited > 25K
  • Homestyle Manufactured
  • Homestyle Pools
  • Homestyle Standard
    • 95% Primary LTV 
    • 97% 1st time Buyers LTV
    • 90% Second Home LTV
    • 85% Investment Property LTV

Corpus Christi Fannie Mae Homestyle Loan

  • Purchase & Refinance
  • Primary, 2nd and Investment
  • As-Completed Values
  • Homestyle Standard
  • HomeStyle Limited > 25K
  • Homestyle Manufactured
  • Homestyle Pools
  • Homestyle Standard
    • 95% Primary LTV 
    • 97% 1st time Buyers LTV
    • 90% Second Home LTV
    • 85% Investment Property LTV
Renovation Fannie Mae Homestyle Lender
  • Purchase & Refinance
  • Primary, 2nd and Investment
  • As-Completed Values
  • Homestyle Standard
  • HomeStyle Limited > 25K
  • Homestyle Manufactured
  • Homestyle Pools
  • Homestyle Standard
    • 95% Primary LTV 
    • 97% 1st time Buyers LTV
    • 90% Second Home LTV
    • 85% Investment Property LTV

Corpus Christi Freddie Mac Choice Renovation Loan

  • Up to 97% LTV of “As-Completed”
  • Owner-occupied 1–4 unit Primary 
  • Owner-occupied 1–4 unit Condos 
  • 85% LTV on a 1-unit Investment 
  • 90% on a 1-unit Second Home
  • Credit Scores Down to 620
  • Luxury Renovations are Eligible
Renovation Freddie Mac Choice Home Lender
  • Up to 97% LTV of “As-Completed”
  • Owner-occupied 1–4 unit Primary 
  • Owner-occupied 1–4 unit Condos 
  • 85% LTV on a 1-unit Investment 
  • 90% on a 1-unit Second Home
  • Credit Scores Down to 620
  • Luxury Renovations are Eligible
Not Sure? Take a Look at Other Corpus Christi Mortgage Programs

Corpus Christi Renovation Mortgage Team

ron ireland

branch manager
NMLS 328363

Doug Harris

Loan Officer
NMLS 2152628

Matt Williams

Sr Loan Officer
NMLS 1945867

chris erwin

Sr Loan Officer
NMLS 914064

Corpus Christi Mortgage Company Reviews

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