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, including those projects necessary after a major disaster.
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 started? 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.