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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:

  • Jackie Sullivan • August 08, 2019

    FROM GOOGLE: I worked with Joan at Clear Lending. Joan worked not only as a lender but as a realtor showing me the houses. He communicated with me every step of the way and answered any questions I had. He was honest about the properties we looked at and was very helpful with suggestions for renovations I was interested in. He made suggestions for contractors after I closed on a house who offered fair prices and did exceptional work. Joan will go the extra step for you plus some and I would recommend him and Clear Lending to anyone who is interested in buying a new home. Joan is dedicated and will get the job done! He made my first home buying process enjoyable and easy. His honesty and hard work are appreciated! I have already recommended Joan to friends who have just started looking for new homes.

  • 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!

  • John & Cari • February 20, 2018

    Joan and his team were extremely helpful and really attentive to our needs while going through our loan process. They made sure the VA process went smoothly as well. I would recommend Clear Lending to all looking to buy a house.

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