Cultivate the Dream
Renovation — Construction
Key Features of Our Renovation and Construction Financing Services:
Personalized Consultation
Financial Planning
Loan Options
Streamlined Approval Process
Collaboration with Contractors
Ongoing Support
At Freeman Mortgage Solutions, we understand that a home is more than just a place to live – it's an expression of your unique style and a canvas for your dreams. That's why we are thrilled to offer comprehensive renovation and construction financing solutions to turn your vision for the perfect home into a definitive reality.
Our Expertise in Renovation and Construction Financing
Embarking on a renovation or construction project is an exciting endeavor, but it can also come with financial complexities. Our seasoned professionals specialize in navigating the intricacies of renovation and construction financing. We leverage our industry expertise to provide tailored solutions that align with your budget, timeline, and vision.
Transform your home
Whether you're dreaming of a kitchen remodel, a stylish bathroom upgrade, or an expansive home construction project, Freeman Mortgage Solutions is here to turn your vision into a reality. Contact us today for a personalized consultation and discover how our renovation and construction financing solutions can elevate your home to new heights.
Ongoing Support
Our commitment doesn't end at the closing table. We provide ongoing support and guidance throughout the life of your mortgage. Whether you have questions about refinancing, adjusting your mortgage strategy, or exploring new opportunities, our team is here to assist you.
Negotiation and Advocacy: As your dedicated advocates, we negotiate with lenders on your behalf to secure the most favorable terms for your commercial loan. Our goal is to ensure that you obtain the financing you need with terms that align with your business objectives.
Different options of construction & renovation loans:
FHA 203(k) Loans:
These loans are insured by the Federal Housing Administration (FHA) and are designed for both the purchase and renovation of a home. There are two types: Standard 203(k) for extensive renovations and Limited 203(k) for minor repairs.
HomeStyle Renovation Loans:
Offered by Fannie Mae, HomeStyle Renovation loans allow borrowers to finance the purchase or refinance of a home along with renovation costs. It can be used for various types of improvements.
Construction-to-Permanent Loans/One Time Close (VA/FHA/Conventional):
These loans provide financing for the construction of a new home, and once the construction is complete, they convert to a permanent mortgage. Borrowers only make interest payments during the construction phase.
Home Equity Lines of Credit (HELOC):
Homeowners with sufficient equity in their homes can use a HELOC to fund renovations or construction. It's a revolving line of credit with a variable interest rate.
Construction Loans:
General construction loans are short-term loans specifically for building a new home. Once construction is complete, borrowers usually refinance to a long-term mortgage.
Cash-Out Refinance:
Homeowners can refinance their existing mortgage, taking out a larger loan and receiving the difference in cash. The cash can be used for renovations or construction.
