Finance Your Home Renovation While Keeping Your Existing Rate.
A major renovation is a big undertaking, and we’re committed to helping you achieve your goals without the hassle or expense of refinancing or moving.
Our Stay at Home Renovation Loan is a second mortgage that provides the financing you need for your construction project, so you—and your low, fixed-rate mortgage—don’t have to go anywhere.
Program highlights:
- Keep your current low, fixed-rate mortgage as is.
- Calculate your loan-to-value (LTV) ratio on the estimated value of the property after construction is complete, leveraging the future value of your home.
- Cover construction and permanent financing at once with one closing.
- Get financing for up to $1.5 million in renovations. Minimum cost of renovation is $100,000.
- Convert payments to principal and interest after construction is complete.
- Use for major renovation projects on your primary residence.
- Finance with no mortgage insurance requirement.
- Choose a fixed or adjustable-rate option.