Supreme Lending’s specialty LOAN programs FOR YOU

RENOVATION LOANS

A little work can turn your house into something special. These versatile loans can help you tackle almost any renovation project.

Kitchens and baths. Pools and patios. Roofs and gutters. Attics and basements. With an affordable home renovation loan, you can take on pretty much any remodeling or repair project.

There’s something really satisfying about taking a great home, giving it some added attention, and making it even better. At Supreme Lending, we offer two loan programs that can get the job done. One of our Mortgage Professionals can help you decide which option might work best for you.

Homestyle Renovation

Program offered through Fannie Mae mortgage company with loans administered through Supreme Lending
Cosmetic improvements, including interiors, kitchens, baths, flooring, and remodeling
Energy conservation improvements
Repair structure damage, pay for additions or finish attics and basements
Eliminate hazards
Repair or replace roofing, gutters and downspouts
Add landscaping or repair patios and terraces
Install decks or fending
Repair or add a detached garage
Install or repair swimming pools

Program Highlights

Loan is based on improved value
Owner-occupied second homes and investment properties
One loan, one closing and one monthly payment
Project completion time up to 6 months
Purchase or refinance
Minimum credit score 680
Consultant required if repairs exceed $15,000

FHA 203(K) Rehab Loans

The Federal Housing Administration is known for its exceptional mortgages for first-time homebuyers. But it also offers attractive home rehabilitation loans. Through this program, you can finance a home purchase plus needed renovation work through a single mortgage instead of applying for multiple loans.

Fixed-rate, 30-year loan
Minimum credit score of 620
Maximum 55% debt-to-income for credit scores above 640
Maximum 50% debt-to-income for credit scores 620-639
Funds disbursed to the contractor as work is completed and inspected
FHA 203(k) consultant required
No funds are disbursed in advance
Up to 5 disbursements can be made
No maximum rehabilitation escrow amount
Refinancing options available

Benjamin Macht | Producing Branch Manager NMLS #1099425 | 12958 N Dale Mabry Highway Tampa FL 33618 | Branch NMLS #2284700

This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. For New York applicants, please visit our New York authorized website: www.supremelendingnewyork.com . © 2023 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org ) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. For licensing information, go to: www.nmlsconsumeraccess.org . Supreme Lending is an equal opportunity employer and does not practice discrimination based on age, gender, race, religion, national origin, as well as any other rights afforded to applicants under state and federal law.