Your Source for Renovation Loans
Offering more types of Renovation loans than most local lenders
The Financing for Renovation Loans can be quite complex. You will find a strong commitment from me and my team to help you with each step of the process pertaining to your Renovation Loan or any other type of mortgage loan. Whether as a buyer or home owner planning a Chicago renovation or a Realtor, as a Chicago Renovation Lending Professional, I’m here to help. My strength is making it easier to understand and navigate. Click the links below for Buyers or Realtors to get started.
Rehab loans on 1 to 4 unit residential properties for fix/flip or lease & hold.
No requirement for owners to occupy.
No need for Hard Money lenders with high rates/fees.
For Veterans with rehab dollars added into the same VA loan with no down payment.
2 – 4 Unit
Owner occupied with a 49% / 51% split of commercial and residential square footage.
No need for Commercial loans & funds can be added to rehab residential spaces.
Up to $1.5M for single family owner occupied
Renovation & Mortgage Loans
There are numerous Renovation Loans that are available, however knowing which one is best suited for you can be quite complex…Learn the different home renovation financing programs that are available to you.
Renovation Lending for Realtors
As a Realtor, you’re dealing with many aspects of a sale… Sometimes they can be deal breakers, especially if the home needs repairs.Learn how we can help move your Real Estate deals forward through renovation funding.
Answers to Renovation Questions
Renovating a home can be quite challenging… There’s the financing, getting a contractor, etc. Have any home renovation questions?Learn how we can assist you to navigate the renovation financing maze.
Renovation Lending Video’s
Latest Blog Posts
Not Finding The Perfect House? Why Not Buy The Worst House & Add Funds to Remodel it in a 30 year loan ?October 30, 2017
Why It’s Important to Understand How Contractors Make a Living on Renovation ProjectsSeptember 5, 2017
Rehabbing a Historic Home ? Use HomeStyle Renovation Mortgage FinancingAugust 8, 2017
Mixed Use Property – Finance it Using 203k Instead of a Commercial LoanJuly 14, 2017
“I have known and recommended Perry Farella to my clients for over 7 years. Of all the mortgage people I have worked with in my 14 years as a Realtor, Perry has consistently out performed all other lenders.”
~ Chris P.