Homestyle Renovation Limited

Homestyle Renovation Limited

  • Primary Residence - (1-4 Units)
  • Investment Properties (1 Unit)
  • Second Homes (1 Unit)
  • Luxury Items: Example - Swimming Pools
  • Max Renovation Costs up to $35,000 (Including Contingency Reserve)
  • No Structural Improvements
  • 2 Draws - 50% at Mid-Point & 50% after Final Inspection
  • Borrower Must Move In Within 30 Days
  • Work Must be completed within 3-6 months

Sellers Concession Allowed:

Owner Occupied:

  • 3% - 90.01% LTV
  • 6% - 75.01-90% LTV
  • 9% - 75% or less LTV
  • Non-Owner Occupied: 2%

LTV Limits:

  • 1 Unit 95%
  • 2 Unit 85%
  • 3-4 Unit 75%
  • 2nd Home 90%
  • Investment 85%