With eLEND, renovation loans are just easier. Whether updating one room or the entire house, there are many renovation mortgage options to choose from to fit most projects.
A new kitchen, an updated bathroom or even an addition, all can be handled with a variety of eLEND mortgage programs. Each offers more favorable and flexible terms vs. a traditional construction loan.
Ready to get statred? Click the button below to get started with your Renovation Loan.
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Whether you want to make small repairs or large ones, eLEND can help you achieve your home ownership dreams. These are just SOME of the changes you can make with a Renovation Loan:
If you're looking for inspiration check out our gallery.
We’ll make sure you have the resources you need to be an informed borrower, including explaining the different loan options available to you — like one that lets you buy a “fixer-upper” and receive funds toward planned renovations, with just a single application.
If you’re making repairs or improvements to a house you already own, now is the time to meet with contractors and get estimates. Or, if you are looking to buy a house, you start shopping with a wider range of homes in mind — even ones that need a little TLC.
Since your home should be worth more after your repairs, a professional appraisal of the home’s value post-renovation is needed. This is in addition to a finalized scope of work, schedules, and estimates from contractors — and of course, any required proof of insurance.
Fast processing means you (and in the case of our eFIXERUPPER Loan, the seller) gets the needed funds quickly — with the amount for repairs placed into an escrow account. Work must begin within 30 days of closing and be completed within six months.