Fix up your fixer upper home with a Rehab Loan. If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.
An FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.
Capital City Home Loans also offers a suite of specialized one-time-close construction-perm products that can be used to renovate your home with loan amounts ranging into the millions.
Rehab and renovation home loans have similar qualification requirements to a standard FHA or Conventional mortgage loan, with additional documentation needed related to the renovation.
Have questions? Give us a call! We’re happy to answer all of your questions.