Renovation
Loans

HomeStyle

Max loan amount $766,550
Owner occupant, second homes and investment properties
Condos, one to four units allowed (manufactured homes not allowed)
Renovation costs up to 50% of the after improved value
Incomplete properties when the builder went out of business allowed
No restrictions on improvements (must be permanently fixed to property and add value)
Contingency reserve is allowed from out of pocket

FHA 203K

3.5% minimum down payment requirement
Maximum loan amount of $498,257
Upfront mortgage insurance premiums financed into loan
Monthly mortgage insurance premium
Existing homes eligible
Seller concessions 6%
Condominiums may be eligible, must be on FHA approved list
No income limits
No minimum on renovation costs
Gifts and DPA’s allowed

You can do any repairs or improvements to the home with a minimum amount of cost of $5,000. There are no limits as to the amount of the rehab costs as long as the total acquisition costs do not exceed the maximum FHA loan limits.

Mortgages Made SIMPLE

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What Our Clients Say

Trusted by Many, Loved by All

We had a wonderful experience with Travis and USA mortgage. They were always there to answer any questions we had and help us in every step toward purchasing our new home.

Nathan Butcher

Travis and his team were awesome! We highly recommend them because they made our home buying experience so easy! They are professional, knowledgeable and go the extra mile for their clients!

Karen Groeneweg

I worked with Travis on the sell side of a deal, buyer panicked a little midway through the deal which would have thrown a domino of deals in the toilet. Travis was able to talk to the buyer, reassure them and help with some loan adjustments to make it work. That is the type of lender Realtors want to work with!!

Whitney Shoffner

I am a veteran and Travis made the VA home loan process super easy. Very helpful with all the info and any questions I had. Would highly recommend to anyone buying a home to definitely go through him. Made everything painless. Awesome service

Blake Pridgen

Travis is so top notch! From the first call he has gone above and beyond. Answered every question, email, text; and in a timely fashion. His knowledge and expertise has been tremendous and he is so supportive, professional, and patient. Would definitely recommend him (and will) to everyone who needs a home loan.

Tammi Harrington

Travis was always very informative and courteous of my time. I appreciate how easy the whole team at Keller Williams and USA mortgage made my process of buying a home 🙂