Home Renovation Loans by Infinity Mortgage

Conventional HomeStyle Renovation Mortgage

The HomeStyle Renovation loan is a single-close loan that enables borrowers to purchase a home that needs repairs, or refinance the mortgage on their existing home while include the necessary funds for renovation in the loan balance. HomeStyle Renovation mortgages are a convenient and economical alternative to a second mortgage, home equity line of credit, or other, more costly methods of financing home improvements. FHA 203K Rehabilitation Mortgage The FHA Section 203(k) Rehabilitation Mortgage Insurance Program enables borrowers to finance the purchase or refinance of a home, and the cost of its rehabilitation, through a single mortgage. The FHA 203K allows for same down payment and qualifying standards as traditional FHA financing.