1  Find the right loan program

2  Find the right lender

3  Get pre-approved

This simple questionnaire will enable us

to identify your best loan options, then

we can point you in the right direction. 

We understand that everyone's

needs and circumstances

are different.

First time home buyers

Good Neighbor Next Door &

HUD $100 down properties

Owner occupied

Vacation / second homes

Investment properties

Multi-Family properties

'Fix & Flip'  

 

  renovation loan reference guide 

 

 

 

 

 

Occupancy

Units

Max Loan Amount*

Renovation Amount

Contingency %

Seller Paid Costs 

Transaction Types

# of Contractors

Draws

 

FHA203K Limited

 

 

 

Owner Occupied

1 - 4

Check FHA amounts in area

Maximum $35,000

10% (15% no utilities)

Up to 6% of property price

Purchase & Refinance

Multiple

50% upfront 50% completion

 

FHA203K Standard

 

 

 

Owner Occupied

1 - 4

Check FHA amounts in area

No Limit ($5,000 minimum)

10%

Up to 6% of property price

Purchase & Refinance

General Contractor

Up to 5

 

Good Neighbor Next Door

 

 

 

Owner Occupied

1

Check FHA amounts in area

No Limit

 

10% (15% no utilities)

All closing costs financed  

Purchase Only

Multiple

Up to 5

 

FHA / VA Repair Escrow

 

 

 

Owner Occupied

1 - 4

Check loan amounts in area

 

$10,000 

10%

6% (FHA) / All (VA)

Purchase 

General Contractor

 

Repairs paid on completion

 

 

 

 

Occupancy

Units

Max Loan Amount*

Renovation Amount

Contingency %

Seller Paid Costs 

Transaction Types

# of Contractors

Draws

 

Conventional Streamline

 

 

Owner / 2nd home / Invest.

1 - 4

$424,100

Maximum $35,000

10%  

Up to 3% of property price

Purchase & Refinance

Multiple

50% upfront 50% completion

 

Conventional HomeStyle

 

 

Owner / 2nd Home / Invest.

1 - 2

$424,100

Up to 50% of 'subject to' value

10%

Up to 3% of property price

Purchase & Refinance

General Contractor

Up to 5

 

Buyer/Seller Funded Repairs

 

 

Owner / 2nd Home / Invest.

1 - 4

Depending on Loan Program

Depending on Loan Program

 

10% (15% no utilities)

Depending on Loan Program  

Purchase Only

General Contractor

Repairs paid on completion

 

USDA - RD Repair Escrow

 

 

Primary  

1 - 2

N/A

$10,000  

10%

All costs can be paid

Purchase Only

General Contractor 

 

Repairs paid on completion

* May vary by county 

Click here for FHA loan amounts in your area   

Click here for Conventional & VA loan amounts in your area   

Click here for The Good Neighbor Next Door FHA203(K) program details 

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Access information and quotes from best of class renovation industry services. 

 

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