Making a Good
Home Great!

Making renovations is an exciting venture, so it pays to have the right team supporting you along the way. Discover how HomeHunt can help you buy a good home and make it your dream home with a renovation loan.

Increase Your Home’s Value Right Away

Today, more home buyers are choosing to purchase a fixer-upper. This gives buyers the ability to create their dream home, complete with their own custom designs. HomeHunt can help buyers achieve this with a renovation loan, which is based on the value of the home after renovations are complete. Buyers have several available options from lenders, including the government-backed FHA 203(k) loan.

Boost borrowing power.

Create a home that fits your lifestyle.

Improve the functionality of your home.

Increase your overall return on investment (ROI).

Create Your Dream Home

A couple sitting on the floor plan renovations to their living room.
A couple smile together while browsing paint swatches.
A couple smile together while browsing paint swatches.

Renovation Loan Process

The following timeline exemplifies what to expect from the renovation loan process:

  1. Pre-qualify with an accredited lender or bank.
  2. Conduct a feasibility study to determine the budget, floor plan, and layout.
  3. Undergo an appraisal of the property to determine the after renovation value.
  4. Determine a fixed-price construction contract with a structural engineer.
  5. Once all permits are approved, the bank can disperse the funds and the project can begin!

Renovation Program FAQs

FHA 203(k) loans are a great option for those who plan to turn a fixer-upper into their dream home. This loan option also allows borrowers to combine their loan and mortgage payments into one easy payment. In addition, FHA 203(k) loans have flexible requirements and terms, such as:

  • 620 FICO score
  • 3.5% down payment
  • Mortgage based on after renovation value
  • Repairs can begin right after closing

Connect with HomeHunt today.