Home Renovation Loans

FHA 203k Loan

If you plan to purchase a fixer-upper or renovate your existing home, an FHA 203k loan may be the perfect loan for you. FHA 203(k) loans are backed by the federal government, and are a great loan option for those who want to purchase a home and perform upgrades, repairs, remodel or customize to their needs and wants.

Fannie Mae HomeStyle®

The Fannie Mae HomeStyle renovation loan allows you to either purchase a new home or refinance your existing home and make personalized improvements with one loan closing. The cost of your personalized improvements is placed in an interest-bearing Escrow account and disbursed as the work is completed and inspected. The HomeStyle loan does not have any minimum amount of improvements or any restrictions on the type of repairs that can be included in your loan. The only requirement is that any improvement must be permanently affixed to the property and adds value to your property. HomeStyle allows you to build home equity while increasing your comfort and enjoyment in home ownership.

Questions Call (888)208-9797

Finding the Perfect Home Renovation Loan

Thousands of consumers across the United States are ready for home ownership.  Securing the right home loan doesn’t have to be hard, we have solutions for less than perfect credit and even those with little savings or down payment. To help home buyers overcome challenges we offer more programs and the extra benefit of wholesale rates.  We simplify the home buying and refinancing challenges presented by 2020 mortgage guidelines. At Smart Mortgage, our mission is to get you approved for a new mortgage and into your home with payments you can afford. Even if you think you won’t qualify, our highly trained specialists will work with you closely on an individual basis to:

  • Review your finances to find a payment you can afford.
  • Improve your credit score if needed to qualify.
  • Obtain pre-approval to shop for a FHA Eligible Home.
  • Secure a loan and purchase your new home!

Working around credit issues with Top Rated Specialists

The FHA 203K Mortgage team is celebrating its 23rd year in business.  Our experience allows for consumer mortgage confidence especially with first time home buyers.  We navigate consumers through the mortgage process,  explain options and find what choice works best for you. We specialize in a variety of renovation programs.  Check out consumer home buyer options, FHA grants and our Refinance options.

Google 5.0 Rating

“Eileen Pruitt is a God send. She navigated us through a very rough offer, and ensured that we remained positive and motivated until the end. She was honest, and direct, and never provided us with a false sense of what was going on. Eileen went above and beyond what was required of her, and it was a pleasure to have her present until we received the key to our new home at closing. We will be forever grateful. I will use her services again in the future without question. Bravo to Smart Mortgages”!!!

Marius B Sr. – Olympia Fields, IL

BBB A+ Accredited

“Jon was an outstanding person with whom my wife and I were able to get our refi done. Whether it’s to do another refi in the future, or should we find ourselves moving, Jon’s the person we’re going to call to help us out with our future financing needs”.

Gerald B – Bolingbrook, IL

Yelp 5.0 Rating

“I had a difficult situation having to sell one property to re-use my VA benefit on my new construction home on a very short time line. Brian Noe and the Team at Smart Mortgage Centers made it happen without any issues. When I was told by other lenders that it wouldn’t happen they came through! I would recommend this team for any home buying situation”.

Dennis W – Troy, IL