Whether you want to add a bathroom, update your kitchen, or completely change the footprint of your home, you have a vision of how you want to enjoy your home. Jeff Berman, mortgage lender, can help you find the right home improvement loan to finance your renovations. The chart and descriptions below list 2018 Home Improvement Loans offered. For more information, please contact Jeff Berman “The Mortgage Go To Guy”, at 214-989-7700 or complete the form below. Jeff can walk you through the process of turning your outdated look into your updated dream home.
| Home Improvement Loans & Renovation Loans |
| Type | Best for | Advantages |
| HomeStyle® | - Older homes in established neighborhoods
- Appraiser-required or borrower requested repairs that add value to the home
| - Fewer costs by rolling repairs purchase/refinancing expenses into a single loan
|
| EZ “C”onventional | - Covers appraiser-required or borrower requested repairs
- Finance small upgrades on a newly purchased home over a short period of time
- Cosmetic, non-structural improvements
| - Creates dedicated account to cover costs of updates
- Fewer costs by rolling updates and purchase/refinancing expenses into a single loan
|
| Buyer/Seller Funded Repair Escrow | - Borrower-requested repairs or other home updates that will determine final appraisal
| - Creates dedicated account to cover costs of updates
- Funds can be provided by the buyer or seller
- Fewer costs by rolling construction and purchase/refinancing expenses into a single loan
|
| Jumbo Renovation | - Covers appraiser-required or borrower requested repairs on high-priced luxury homes that are valued over $453,100
- Can be used for refinancing or home purchase
| - Covers a dedicated account to cover non-structural repairs up to $250,000
- Fewer costs by rolling repair and purchase/refinancing expenses into a single loan
|
| Pool Escrow | | - Creates dedicated account to cover cost of pool construction
- Fewer costs by rolling construction and purchase/refinancing expenses into a single loan
|
| Weather-Related Escrow | - Repairing weather damage
- Making weather-related or energy efficient upgrades
| - Creates dedicated account to cover cost of repairs or upgrades
- Fewer costs by rolling construction and purchase/refinancing expenses into a single loan
|
Are you curious to learn more? Contact Jeff Berman “The Mortgage Go To Guy”, at 214-989-7700 or complete the form below.
