Renovation loans to fit your budget
Choose from a variety of options and make the home improvements you deserve.
Holy smokes, that was quick! Fast service, low rates, no nonsense. Easy to navigate web portal for moment-by-moment loan updates. Clear answers to questions without too much bank lingo. Huge range of mortgage loan products to suit different types of situations. - Chas Stevens, Facebook
Among the affordable ways in which you can customize your home:
FHA 203(k)*
- Property can be a single family home or 2-4 units
- 3-4 unit properties must pass self-sufficiency test
- 3.5% down payment options available
HomeStyle Renovation Mortgage
- 5% down payment options available for a single family home, condo or townhome
- 2-unit properties require minimum 15% down; 3-4 units require minimum 25% down
- Second and investment homes allowed
*Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
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3940 N. Ravenswood Chicago, IL 60613 - (866) 934-7283
The company name, Rate, should not suggest to a consumer that Rate provides an interest rate guarantee prior to an interest rate lock.