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.
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What Our Clients Say
Trusted by Many, Loved by All
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
I knew exactly what was happening at all times. The whole process was painless and everyone I worked with were thoughtful and professional. We love our new home and highly recommend working with Travis and his team.
Tim Caldwell
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 was excellent! Responded within minutes whenever we had questions, even after hours! He made the whole process as fast and easy as it could possibly be. Very professional and friendly. Working with Travis was like working with a friend, very open to answering questions and explaining the details every step of the way. Would recommend 100%! Don’t buy a home without Travis Bell!
Cody Legg
Travis was a true pleasure to work with. I appreciated his no nonsense approach to getting my loan done. It was so much easier than I thought it would be thanks to Travis. I would highly recommend anyone looking to purchase a home to reach out to Travis Bell and his great team.
Michael George
Travis @USA Mortgage has been the absolute best during my first time home buying experience. He was patient, thorough with all communications, and always very positive!!! I would 100% recommend him and his team