FHA HOME RENOVATION LOANS
A great program for foreclosed properties, the FHA Home Renovation Loan allows you to include the cost of repairs and home improvements into your mortgage loan. You can choose the Streamline option—for repairs of $35,000 or less; or a Full—for repairs costing in excess of $35,000.
-Up to 6 months from closing to complete the repairs/improvements
-All work must be done by a licensed contractor of your choice
-For primary residence only (1-4 family units)
-Maximum loan determined by the improved appraised value
Call Peter at (218) 336-1810 or Jennifer at (218) 336-1820 to set up an appointment.