What is a Renovation Loan?
Renovation Loans are used to either rehabilitate or upgrade an existing property. These can be things such as repairing structural issues or adding cosmetic upgrades to the property. The value used for qualification is the estimated future value of the property after the upgrades have been completed. There are FHA or Conventional Renovation Loan options available depending on the specific situation.
Renovation Loan Limits
Just as with Conventional and FHA, there are loan limits on these products that vary by county. San Diego county has a loan limit of $612,950.
Get Pre-Approved for a Renovation Loan
If you are seeking a renovation loan in La Mesa, El Cajon, Alpine CA, Mt. Helix, greater San Diego or anywhere in the state of California, contact Craft Home Loans at (619) 867-0975 for more information, or fill out the form on this page.