As a Certified FHA 203k Renovation Consultant, House Detective owner, Kevin Bush can guide you through any renovation loan program you are considering.
Fannie Mae HomeStyle Renovation
Fannie Mae and the Federal Housing Administration also have home renovation mortgage programs that allow buyers to borrow based on what the house is expected to be worth after the home rehab is completed. Homeowners can also use both programs to refinance their existing mortgage plus the renovation costs into one loan.
House Detective can also provide Fannie Mae Consulting Services. House Detective will assist you with contractor proposal coordination, work write up and cost estimates, and with final draw inspections.
Other Renovation Consultation
While the FHA 203k and Fannie Mae standards tend to maintain the strictest requirements, often banks and other lenders have their own set of requirements for renovation lending approval. We’re happy to assist you in understanding and addressing these requirements.
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