Slide 1
Finding The Right Mortgage
To Make Your Dreams Come True


Renovation loans are like a mortgage and a construction loan rolled into one, with a single closing process. Through these programs, Silex can obtain financing to cover the cost of the home purchase (or refinance) as well as the cost of renovation or rehab.
These types of loans are well suited for home buyers who want to buy a fixer-upper and for existing homeowners who want to do some improvements to their home. Here are some keypoints you should know about renovation and rehab loans:

Home Buyers

Can use these loans to finance the purchase of a house that needs work to make it livable

Home Owners

Can use these loans to refinance their current mortgages while obtaining extra funds for home-improvement projects

Government Programs

- HUD/FHA 203(k) Rehab Loans
- Fannie Mae HomeStyle Renovation Loans

Construction Loans

Short-term loans designed to get you in a home or building with a certificate of occupancy, thus allowing you to obtain a permanent mortgage
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