Local Mortgage Experts

Finding a great home loan involves careful consideration of your needs, finances and history. We are here to guide you.

Home Building & Renovation Loans

Building a new home, or implementing major renovations on a house are great ways to make your dream home a reality. Knowing how you will finance the construction is a challenging first step in the process. While you’re looking out for local builders and contractors, compare home building loan options as well. Aceland Mortgage construction and renovation programs offer a mortgage to build a home or construction loans to renovate and feature low payment methods and flexible payment terms during the process. But most of all, we provide guidance and advice to help make the home renovation process smooth.

Do I Qualify for a Rehab Home Loan?

In order to qualify for an FHA 203(k) home Renovation Loan, which allows buyers to finance the cost of the home and the renovation in a single mortgage with cheap rates. What makes you eligible is you must meet certain requirements outlined by the Department of Housing and Urban Development (HUD).
  1. Finding a property that may need some refurbishing and cosmetic changes
  2. Finding yourself a qualified lender (us!)
  3. Meeting all lender requirements, including minimum credit scores, debt-to-income ratios, and proof of income

203(K) Rehab Loan Advantages

Rehab loans are designed to help proprietors revamp their existing homes or buy a new one that can benefit from upgrades, repairs, or renovations. A 203(k) rehab loan is a great way to help you make your own home equity fast by making your home up to date.
  1. A convenient way to finance your home improvements without the need for perfect credit, huge down payments, or high-interest rates
  2. Revamp your home with contemporary designs/styles
  3. Buy a home that’s usually listed at a lower price due to the older existing condition
  4. Great interest rates for your rehab in one single loan
  5. Come with a decreased payment method
  6. A minimum down payment of 3.5% means you won’t deplete your savings trying to come up with a down payment
  7. Qualifications may be more lenient than for a conventional loan because FHA insures your mortgage
At Aceland Mortgage LLC, we can get you a great rate on your Rehab loan. Aceland Mortgage specialists (the Aces!) have the knowledge and dedication to provide you with the guidance you need for a new mortgage. We offer information on a variety of mortgage options.
Are you ready to take the next step? One of our mortgage specialists would be happy to answer all of your questions.
Please speak to a loan originator at Aceland Mortgage LLC to discuss loan options available. You’ll get advice about which mortgage program meets your needs. Give us a call at 800-254-3150
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Begin your home loan process today! Our mortgage advisors are standing by. Request a free personalized rate quote.






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