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Interior Paint

Perhaps the most common home project, your paint colors are personal and set the tone for your home. Don’t settle for the colors that are there, make them your own.

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RENOVATION LOAN COMPARISON
FHA 203(k) Streamline

Single Family Home 
(Primary Residence)

2-4 Unit Properties 
(Primary Residence)

Condos 
(Primary Residence)

Townhomes 
(Primary Residence)

PUDs (Primary Residence)

REO's (Primary Residence)

X

X

"3.5% Minimum Down Payment
(Purchase)*"

"3.5% Minimum Down Payment
(Refinance)**
Home Equity Counts***"

"Allowed Gift Funds
(Down Payment & Cost)"

"Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost"

Up to $35,000 Maximum Renovation Amount


 

"Allowable Renovations

Most Minor Renovations/Remodels
Way too many individual project types to list here, but most anything “non-major” in nature that adds value is ok."

FHA 203(k) Standard

Single Family Home 
(Primary Residence)

2-4 Unit Properties 
(Primary Residence)

Condos 
(Primary Residence)

Townhomes 
(Primary Residence)

PUDs (Primary Residence)

REO's (Primary Residence)

X

X

"3.5% Minimum Down Payment
(Purchase)*"

"3.5% Minimum Down Payment
(Refinance)**
Home Equity Counts***"

"Allowed Gift Funds
(Down Payment & Cost)"

"Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost"

No Maximum Renovation Amount, as long as mortgage amount within county FHA loan limits

Allowable Renovations

Most Anything
From major structural issues to new paint to whole room additions to landscaping, most any project type is acceptable.

FNMA HomeStyle

Single Family Home 
(Primary Residence)

2-4 Unit Properties 
(Primary Residence)

Condos 
(Primary Residence)

Townhomes 
(Primary Residence)

PUDs (Primary Residence)

REO's (Primary Residence)

Second Homes (1 Unit)

Investment Properties
(1 Unit)

5% Primary Residence
10% 2nd Home/Inv. Prop.

5% Primary Residence
10% 2nd Home/Inv. Prop.

Gift Funds Allowed on primary residences, after minimum 3% down payment contribution

"Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost"

Maximum Renovation Amount Up to 50%of the as completed value

Allowable Renovations

Most Anything
From major structural issues to new paint to whole room additions to landscaping, most any project type is acceptable.

** Purchase down payment percentage is relevant to home sale price, plus renovation costs.
** Refinance down payment percentage is relevant to mortgage balance, plus renovation costs.
*** Available home equity is “after improvement” appraised value, minus mortgage balance, minus renovation costs.
**** All Renovations must be approved.
Easy Process – Start Today
We are experts at home renovation financing. From today until you receive the keys to your new renovated dream home, we’ll be your partner.
With our expert teamas your guide, the process is easy. We’re ready to take the first step with you today!"

(866) 603-3806

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 (866) 603-3806

This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Department of Real Estate, Broker # 01821025; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information.

 

All loan approvals are conditional and all conditions must be met by the borrower. The loan is only approved when the lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers.

​As a broker, C2 Financial Corporation is NOT individually approved by the FHA or HUD, but C2 Financial Corporation is allowed to originate FHA loans based on their relationships with FHA-approved lenders.  C2 Financial is an Equal Housing Lender

 

Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender.

 

The services referred to herein are not available to persons located outside the state of California.

 

Loans Originated by A. Thomas Micheletti, Branch Manager, CA DRE# 00922969, NMLS #255007

.  For more information go to www.c2financialcorp.com or www. nmlsconsumeraccess.org

C2 Financial Corporation | 112230 El Camino Real, Suite 100 
San Diego, CA 92130| 866-603-3806

(C) 2021 C2 Financial, Inc., All Rights Reserved.

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