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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, all funds for renovation will be escrowed in an interest earning account. After all renovation work is complete, any remaining funds in the renovation escrow account will be used to pay down the principal balance of the mortgage.

Program Highlights:

• Include in renovation loan 6 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 $175,000 to $417,000.
• 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.
• Soft costs (architectural services, engineering, permit fees, etc.) may be financed.

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 best options for you.  

 

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

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 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:

  • Felix Prat • February 15, 2019

    FROM GOOGLE: This is our second time purchasing a house with Clear lending. As usual Joan G, Patricia A, and the rest of his team have excedeed expectations. Not only selling our house with Joan was easy and quick but also buying our second house this time. Joan is available whenever needed. Always answering cell phone calls and looking out for his clients. We have recomended his services to all our family and close friends. Very professional, dedicated and amazing team. Whether you are looking to sell, buy or anything else in the real estate business, Clear lending is the prefect place and team to go with. Always recommend 100%! Thank you for everything!!!

  • LaStephen Lamar • July 09, 2017

    It was an absolute pleasure working with Clear Lending Home Mortgage! Joan and his team truly worked hard on helping me receive my dream home. As a first time home buyer I was unaware of the process and very unsure of what all it took to complete the process. After receiving constant let down and missed opportunities. I was on the verge of giving up until I spoke to Joan. He and his staff worked hard for me in closing on my first home in under 30 days, with an amazingly low interest rate. There was never a time I questioned Joan or his staff. I went into closing confident with no suprises.They were with me the entire process. Words cannot express how grateful I am of Clear Lending Home Mortgage. The level of professionalism and dedication to work hard for the home buyer is exceptional. I would recommend this company to anyone looking to purchase a home, they won't disappoint! Thank you Joan for everything, you made a dream come true!

  • Alejandro Paredes • April 18, 2018

    First and foremost I want to thank the entire Clear Lending team for this incredible experience. Joan Gallardo was very professional and honest throughout this whole process. He took the time to explain everything step by step and at any time of day. I am a DACA recipient and that wasn't no issue at all for Mr. Joan to get me a loan for the low rate of 3.875% interest. To me that is amazing and very appreciated because other loan companies told me I was not able to get a interest rate like that because I was a DACA recipient. I highly recommend Clear Lending for DACA recipients because they opened the doors for me so I can accomplish my dreams of purchasing my first home. Patricia was also very attentive to my process and helpful every step of the way. Mrs. Rosa Iraheta was my realtor who helped me look for the home and made sure it met all my expectations. I can't thank you enough for all the time and hard work you and the whole Clear Lending team put for me and my family to be here today in our new home. May God bless you all! And Thank you!

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