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Is it possible to get a renovation loan for a homepath property

by leiahrkelly784623343 from Atwood, California. Aug 22nd 2014 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Yes, but only for about another month, that program is being ended. You'd need to be under contract soon and apply promptly for the mortgage. I've found that depending on the qualifications of my customer usually there is often a renovation loan option (conventional or FHA) that makes more sense than HomePath but each situation has to be reviewed to determine the best type loan (conventional or FHA - and there ARE other conventional renovation loan options including the opportunity to eliminate PMI payments) to fit your qualifications. I can help! Pdumouchel@primelending.com or 843-619-6025; or apply online at: https://lo.primelending.com/pdumouchel PrimeLending is a national residential mortgage lender based in Dallas owned by a nearly $10B Texas bank. #4 nationally in 2012 & 2013 for purchase transactions (as determined by MarketTrac(c) for Jan-Dec 2012 & 2013). Offering mortgage options including both conventional (conforming & jumbo) and government loans FHA, VA & USDA including renovation and repair escrow options.

Aug 25th 2014
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