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HomeStyle Renovation Program:

In need of an extensive remodelation?

Conventional

The HomeStyle Renovation (HSR) mortgage provides a convenient and economical way for borrowers considering moderate home improvements to make repairs and renovations with a single-close first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly methods of financing.

 

Clear Lending offers renovation loan mortgage programs that might be right for you. 

Our HomeStyle Renovation program allows borrowers to combine the purchase or refinance of a home with the costs to renovate or extensively remodel the property. At closing, an interest-earning account will escrow all funds for renovation. After all renovation work is complete, any remaining funds in the renovation escrow account will help pay down the principal balance of the mortgage.

Program Highlights:

• Include in renovation loan six months of mortgage payments (Loan + Taxes + Insurance).
• Finance up to 95% of your home and renovation costs.
• Eligible properties: 1 - 4 units and PUDs.
• 15 and 30-year terms.
• Loans from $250,000 to $510,400.
• No Minimum Credit Score but Automated Underwriting System Approval.
• Renovation loans for primary, secondary, and investment homes.
• Finance up to 95% of your home and renovation costs.
• Renovation funds escrowed in an interest-bearing account.
• Finance soft costs (architectural services, engineering, permit fees, etc.).

Get today's lowest mortgages rates.

Whether you are considering purchasing or refinancing an existing property in need of renovations, Clear Lending can help you. Simply apply online, and we will contact you right away to review the best options for you.  

 

Don't wait any longer and find out how much loan you can get Pre-Approved.

Whether you are considering purchasing or refinancing an existing FHA mortgage loan, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Debra Goss • July 09, 2017

    Definitely would recommend this company to anyone trying to get a home. Joan with Clear lending really helped us to close on a home after previous attempts to get a home prior did not go work out. They really worked with our situation and made it possible for us to get our first home. He took the time to answer all our questions and concerns. He was also honest and sincere in his feedback. And For that my husband and I are forever grateful! We were losing hope thinking we wouldn't be able to ever get approved, but clear lending gave us hope again. Thank you clear lending for all your help and making it possible for us to get our first home!!!

  • Ashley Magallan • August 21, 2018

    I owe it all to Joan for making our dreams come true. I never thought I would own a home, but Joan made it happen. He was there for me at all hours of the day with questions and concerns I had. Everyday he would communicate with me, on how the process was going. Joan is on top of everything and SUPER fast. If any one is the need of buying a home, I would totally recommend him!

  • Rosa Iraheta • March 28, 2018

    Joan has help many of my clients to get their loans, he is very professionals and helpful, and always available for any questions that me or my clients had during the loan process. One of my client was in DACA program and Joan help him to get his loan. I will recommend Joan and his team . Thanks you

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