A Renovation Loan allows a home owner and/or home buyer to use the future value of a property for loan qualification.  The “As Completed” (after renovations/improvements are complete) appraised value helps determines the loan amount of the new loan.  A Renovation Loan is available with a fixed interest rate and like other traditional loans, follows the guidelines from Fannie Mae/Freddie Mac, FHA or VA as the loan is assigned.  The money needed for the renovation, improvements or addition is scheduled for payments to the licensed contractor the home owner has selected to complete the work.  Home Renovation Loans allow for the use of any increased equity in your home from the improvements or addition and may allow the home owner to avoid more costly options for securing funds for home projects.  We have a comprehensive portfolio of Renovation Loans to meet your specific project needs- including an Accessory Dwelling Units (ADU).