Conventional Renovation Loan
Conventional HomeStyle Renovation Loan
The HomeStyle Renovation Loan provides a convenient and economical way for borrowers considering moderate home improvements to make repairs and renovations with a single-close first mortgage.
This mortgage option includes the cost of necessary upgrades and improvements in the loan package.
HomeStyle mortgages are based on the “as completed” value after the renovations and upgrades have been made.
HomeStyle Renovation Loan Benefits :
● 5% Down payment
● Cost effective way to renovate or improve a home
● Loan amount based on “as-completed” value of the home or the cost basis, whichever is less
CHM Lending is a local mortgage broker founded in 1992 and located in Medina, Ohio. Our company offers a full range of mortgage loan products including Conventional, FHA, VA, USDA, Construction, and Renovation loans. Our team has a combined over 45 years of experience in the mortgage industry and was voted Best of The Best in Medina County in 2017 & 2018. We use a common sense approach with all of our clients and we work with many different lenders to be able to offer the most competitive rates and costs coupled with amazing customer service.
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