Fix up your fixer upper home with a Rehab Loan.
You may be able to purchase a home and roll the costs of the renovation into your loan.
Fix up your fixer upper home with a Rehab Loan
What is VA loan?
If you’ve found the perfect home but it requires renovation, you can purchase the home and include the renovation costs in your loan.
An FHA 203(k) Loan, also known as a Renovation Loan, lets buyers finance both the home purchase and renovation costs in a single mortgage with a low interest rate.
Similarly, the VA offers a program for military members and veterans, allowing them to buy a home and finance necessary renovations to meet VA standards.
How do Rehab loans work?
Have questions?
Give us a call! One of our mortgage specialists would
happily answer all your questions.
Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.
Frequently Asked Questions
Why choose Greenly Mortgage?
At Greenly Mortgage, we understand the ins and outs of mortgage financing and we know the importance of savings. Greenly Mortgage has worked hard to build a company full of mortgage experts and people experts, meaning we understand that a mortgage isn’t just a loan, but a step towards the dream of homeownership, and a cash-out refinance isn’t just a lower rate, but a means to send your children to college. We get it. We use our advanced technology to provide low rates, transparent pricing, easy online applications, and most importantly great client service.
What types of mortgages does Greenly Mortgage offer?
We offer the following loan options:
Fixed Rate Mortgage
Federal Housing Administration (FHA)
First-Time Home Buyers.
Jumbo Home Loans
Veterans Affairs
Rehab
Low Down Payment Options
Investment Property
Refinance
If you are looking for a loan not listed here, please contact us. We will be happy to help you and guide you on your mortgage journey.
Do you offer construction or commercial loans?
Yes, we can do construction loans for the builder, and the borrower.
What is the minimum FHA loan credit score Greenly Mortgage requires?
A 580 score is needed for FHA. If you have a score lower than that, please reach out to us and let us figure out what is best for you.
Where can we lend?
Ohio and Florida