Follow:

Tracie Schmidt

Producing Branch Manager

 

NMLS #269424

 

Direct: (858) 336 - 5200

 

Fax: (858) 264-1602

tracie.schmidt@supremelending.com

Branch Address:

 

1615 Murray Canyon Road Suite 1020

San Diego, CA 92108

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.supremelending.com.


ADVERTISEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2019. 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. Intended for California consumers, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License 4130655. Equal Housing Lender.. 

© 2019 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.

Renovation/Remodel

FHA 203(k) Purchase & Renovation Loan:

Buying and Renovating the House of Your Dreams with the FHA 30 Year Fixed 203K Purchase & Renovation Loan

Program Highlights:

Fannie Mae HomeStyle® Renovation Mortgage:

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Only 3.5% Down Payment required

Total Financing Amount is based on After Improved Value

One Loan, One Closing and One Payment for both the Home Purchase + Renovation Costs

 

Update a kitchen, build an addition or remodel the entire home

Loan Amounts subject to maximum FHA County loan limits

Project time can be allotted up to 6 months to complete

Available for Purchase and Refinance

The Fannie Mae HomeStyle® Renovation Loans are great for homeowners who are looking to update their home.

Program Highlights:

Features:

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$424,100 Loan Limit

 

This is a Conventional Fannie Mae Loan (with low interest rates)

 

Only a 5% down payment for Owner Occupied

 

This program will not delay your closing time! All work happens AFTER funding

 

Add a Swimming pool

 

Eligible Improvements include anything that is Permanently Affixed to the Property and Brings Value

 

Cosmetic Improvements including Interiors, Kitchens, Baths, Flooring, and other remodeling

 

Energy conservation improvements

 

Structural Alterations such as Repair or Replacement of Structural Damage

 

Additions to Structure and Finished Attics and/or Basements

 

Eliminating health and safety hazards

 

Changes for Improved Functions and Modernization

 

Repairing or Adding Roofing, Gutters and Downspouts

 

Landscaping, Grading, Repairing Patios and Terraces that Improve the Property

 

Decks/Fences

 

Rehabilitation or Improvements to a Detached Garage

Add a New Detached Garage, or the Addition of an Attached Unit

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Improvements May Equal up to 50% of “After Improved” Value

 

Loan to Value up to 95%

Loan Amounts to $424,100

 

620 Minimum FICO Score

 

Owner Occupied Primary, Second Homes, Investment Properties