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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:

  • Natalia y Juan Ochoa • August 27, 2013

    Buenas noches Joan,

    Espero que este mensaje lo encuentre bien. Le escribo para darle las gracias por su ayuda y apoyo durante el proceso del préstamo de nuestra casa, aprecio su servicio y interés ante la situación y mas que todo su eficiencia y profesionalismo para realizarlo.

    De nuevo mil gracias por ser parte de este momento tan importante para nosotros . Le deseamos la mejor de la suerte a usted y a su empresa.

    Esperamos seguir en contacto para un futuro.

    Un cordial saludo,

    Natalia y Juan

  • Guillermo Proestakis • October 15, 2018

    FROM GOOGLE: Muchísimas Gracias ! No existen palabras para expresar tanto agradecimiento. Solo destacar el profesionalismo y dedicación de vuestra empresa y sobretodo a Joan quien nos acompañó en todo momento en este largo proceso. Gracias Joan por hacer realidad este gran sueño “nuestra casa” , y por ayudarnos a forjar los maravillosos momentos que formarán nuestra historia. Esperamos seguir siempre en contacto y sobretodo con nuestro eterno agradecimiento. Guillermo Proestakis y Familia.

  • Delma Cruz • July 22, 2020

    Joan and Patricia guide us in the process of buying our home. They worked long hours and communicated constantly to ensure the process of our purchase went as smoothly as possible. We encounter a few hurdles along the way but with their experience, we were able to close our deal with no problems. Highly recommend to VA applicants. Follow their lead and you will be in your next home soon!!!

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