12+ Loan Programs Tailored to Your Needs
Renovation (203k/HomeStyle)
Wrap purchase + improvements into one loan
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Renovation (203k/HomeStyle) Overview
Renovation loans combine home purchase and improvement financing into a single loan, perfect for fixer-uppers and value-add opportunities.
Key Program Details
Min Down Payment
3.5-20%
Min Credit Score
600+
Loan Limit
Up to $1,249,125
PMI/MIP Rules
Depends on loan type and down payment
Advantages
- Single loan for purchase and renovation
- Lower total cost than separate loans
- Immediate improvements possible
- Increased home value
- Flexible renovation options
Considerations
- More complex approval process
- Requires contractor approval
- Higher closing costs
- Renovation timeline requirements
- Limited to approved contractors
Who This Loan Is Best For
Buyers of fixer-upper properties
Those seeking value-add opportunities
Borrowers wanting immediate improvements
People with renovation vision
Investors looking to add value
Quick Scenario Example
$650K purchase + $50K renovation → $130K down (20% of purchase) → $3,281/mo P&I (includes renovation in loan)
$650K purchase + $50K renovation
$130K down (20% of purchase)
$3,281/mo P&I (includes renovation in loan)
$650,000
Home Price
$130,000
Down Payment
$3,281
Monthly Payment (P&I)
5.625%
Interest Rate
Ready to Apply for Renovation (203k/HomeStyle)?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service