Rehab/Renovation Loans
in Oakhurst

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If you are looking to repair or enhance a home in Oakhurst or anywhere in the state of California, you will need a flexible loan to finance your project.

Granite West Funding offers a wide spectrum of lending products for rehab and renovation of California real estate. That way, no matter what your goals and timeline are, you can get the financing you need to bring your projects to fruition.

We Offer These Rehab and Renovation Loans in California

We can connect you with the following types of rehab and renovation mortgages:

Fannie Mae Homestyle Renovation

With this product, you can combine a conventional mortgage with the financing you need for renovations to a home.

FHA Standard 203(k)

This is the main version of the FHA financing product for renovating a home.

FHA Limited 203(k)

This is the streamlined version of the FHA financing product for renovating a home. It is an appropriate option if you do not need to borrow more than $35,000.

FHA 203(b) Repair Escrow

If you are interested in buying a HUD home and making repairs to it, you can do so using this lending product.

VA Renovation

If you are a veteran, active duty service member, or surviving spouse, you may buy and/or repair a home with a VA Renovation loan.

USDA Repair Escrow

When a home is liveable but fails to meet the USDA’s requirements, you can use a USDA Repair Escrow to finance the repairs, giving you the opportunity to move forward with the home purchase.

Do You Qualify for a CA Rehab or Renovation Loan?

The exact eligibility requirements for a rehab or renovation loan depend on the specific type of loan you are applying for. Each of the programs mentioned above has its own set of qualifications. But in general, you can expect the following factors to be assessed:

The home itself will need to meet specific criteria. There may also be limitations on the types of repairs or enhancements which are allowed for a particular rehab lending product.

You will need to be able to meet any timeframe requirements associated with the type of loan you are applying for. Some products require that you complete the upgrades or repairs within a certain number of days.

As with other types of loans, your credit score and DTI ratio will be considered when making a determination about your qualifications.

There may be down payment requirements to meet as well.

When you schedule a consultation with us, we will go over the different options you have for financing renovations to a home. We can help you identify the product which will be most appropriate to your needs. At that point, we can go over the requirements with you in detail.

Apply Now for a Rehab/Renovation Loan in Oakhurst

If you are ready to schedule a consultation for the financing you need for your rehab or renovation project, please give us a call today at 559-540-2275. We look forward to connecting you with the ideal rehab loan during your consultation.

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