Is your home no longer working for you? Don't hate - Renovate!

What is a Renovation loan?

What is an FHA 203(k) loan?

FHA 203(k) Limited
This is a great option for health and safety repairs, cosmetic upgrades, roofing, flooring or new appliances

  • Minimum renovation cost of $5,000 and up to $35,000 maximum
  • Ease of FHA qualifying
  • The standard FHA 3.5% down payment applies

FHA 203(k) Standard
Allows for major remodeling and complete rehabilitation

  • Minimum repair costs of $5,000 and no maximum
  • Loan amounts up to $110% of the homes after-improved appraisal value
  • Safety and structural repairs allowed

What is a HomeStyle Renovation loan?
More flexible than the FHA 203K or other costly financing methods, the Conventional HomeStyle Renovation Loan is a convenient way to pay for repairs or major renovations!

  • Traditional strong Conventional financing
  • Investment properties permitted
  • Second homes permitted

Why work with MiMutual Mortgage?
Renovation loans can be complicated.  As a Renovation Loan specialist, MiMutual Mortgage knows the process, closes a high number of these types of loans and has a dedicated Renovation Lending department to follow through from application to after closing. (We were even featured on the Lifetime Network “Designing Spaces” home design television show!) We offer a variety of loan options to make your vision come to life! Whether your project is as small as new carpet or as large as completely rehabbing an uninhabitable home, we can help!

Learn more about our loans below. And to see our Designing Spaces Segment and learn more about the renovation loan process, watch below:

Watch Now

  • Bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
  • A variety of loan options to match the scale and cost of your project!
  • As little as 3.5% down!