Ragar Home Loans

RENOVATION LOANS

TAKE IT FROM LIKE IT TO LOVE IT WITH OUR RENOVATION LOANS

ABOUT RENOVATION LOANS

Renovation Loans allow you to purchase or refinance a home, identify the renovations that need to be done, and add those renovations to the value; the down payment amount will be based upon the purchase price plus the renovation cost.  Available for USDA, FHA, VA and Conventional Loans; structural and non-structural options exist based upon the loan program.  

RENOVATION LOAN OPTIONS

  • FHA
    • 203K Streamline (renovations $35K or less and non structural
    • 203K Standard (renovations involving structural issues and anything over $35K in repairs)
  • VA
    • Up to $35K in renovation costs
    • non-structural and minor repairs only
  • CONVENTIONAL
    • Max renovation amount calculated by repairs/renovations totaling up to 50% of the as-completed appraised value of the property
    • Structural and Non-Structural Repairs Allowed 

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