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Renovation Loans

Is your home finally ready for that home improvement project?  Are you looking at a new home purchase, but the property needs a little “TLC” to get move-in ready.  Whatever your renovation or home improvement project need may be, CHM Lending is here to help.  Our home improvement financing options can help you change your home now and pay for it over time.

 

Conventional 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.

FHA Renovation Loan

The FHA 203(k) standard renovation loan enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its repairs or renovations through a single mortgage or to finance the repairs or renovations of their existing home.

VA Renovation Loan

The VA Renovation loan provides no money down financing that covers not only the current value of the property, but the cost of remodeling and repairs as well. This program is intended for minor updates and work done on the home at a cost between $30,000 – $35,000.

USDA Renovation Loan

Expand your horizon with the USDA Rural Housing Renovation Loan Program! This loan is designed to allow you to purchase and renovate eligible homes under the USDA program.

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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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CHM Lending

Fun facts Friday:

Sellers must legally disclose if they believe their home is haunted in New York.

In the US, there are 5 times as many vacant houses as there are homeless people.

Utah has been giving free homes to the homeless since 2005 which has cut chronic homelessness by 74%!!!

Charles “Pretty Boy” Floyd was a Great Depression era gangster who was viewed positively by the general public – When he robbed banks, he would destroy all of the mortgage documents which freed many citizens of their debt.
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CHM Lending ™ A Division of: Consolidated Funding Corp.
2425 Medina Rd Medina, OH 44256
NMLS #243256
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Ohio License #MB.800906.000
Pennsylvania License #55198

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