Residential
Renovation Loan (Homestyle)
Dreaming of transforming your house into your dream home? CMRE's Renovation Loan (Homestyle) program can make it a reality. With rates starting at 6.875% and flexible terms, this loan empowers you to finance both the purchase and renovation of your property with a single, convenient mortgage.
Program Benefits
Finance both the purchase and renovation costs with a single loan.
Unlock your home's hidden potential and increase its value.
Customize your living space to perfectly match your needs and style.
Competitive interest rates, starting at 6.875%, for qualified borrowers.
Available for a wide range of renovation projects, from kitchen upgrades to structural repairs.
Streamlined application process for a hassle-free experience.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$50K - $2M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Consistent employment history or stable self-employment income.
- •Sufficient income to cover the mortgage payment, property taxes, and insurance.
- •Documentation such as pay stubs, W-2 forms, and tax returns may be required.
Asset Verification
- •Sufficient funds for the down payment and closing costs.
- •Verification of assets through bank statements and investment account statements.
- •Reserves to cover several months of mortgage payments may be required.
Insurance & Title
- •Homeowner's insurance policy to protect the property against damage or loss.
- •Flood insurance may be required if the property is located in a flood zone.
- •Liability coverage to protect against accidents on the property.
Property Requirements
- •Minimum FICO score of 620.
- •Review of credit history to assess creditworthiness.
- •History of responsible credit usage with minimal delinquencies or defaults.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
A renovation loan allows you to finance both the purchase (or refinance) of a home and the cost of renovations with a single mortgage. This eliminates the need for multiple loans and streamlines the process.
Eligible renovations typically include projects that are permanently affixed to the property and add value, such as kitchen and bathroom remodels, structural repairs, landscaping, and energy-efficient upgrades.
The benefits include financing both purchase and renovation with one loan, increasing your home's value, customizing your living space, and competitive interest rates (starting at 6.875% for qualified borrowers).
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
