A Guide To Home Renovation Loans In Colorado Springs
Thinking of renovating your home in Colorado Springs? Call Front Range Mortgage, a mortgage company Colorado Springs residents call before doing any renovation work. Here is how a mortgage company can help you with a home renovation. Colorado Springs, CO can be seen here.
Home Renovation Loans
A home renovation loan – such as an FHA 203(k) loan or a conventional rehab loan – can give you the money you need to perform your renovations. A mortgage company Colorado Springs counts on for these loans is Front Range Mortgage. The company’s helpful service agents will be glad to help you out. Click here to read about Cash-Out Refinances: A Helpful Guide.
FHA 203(k) Loan
This lending product is insured by the Federal Housing Administration (FDA). This loan can be used to purchase or refinance a Colorado Springs home that is in need of repairs. Keep in mind that this loan can only be used for necessary repairs. It can’t, for example, be used to put in that pool you’ve always wanted.
Conventional Rehab Loan
With a conventional rehab loan, you can make luxury upgrades like installing a pool. Because this type of loan is not government-insured, the down payment is higher. Ask a mortgage company Colorado Springs for more details.
View Mortgage Broker Colorado Springs in a full screen map