Imagine if your homebuyers could design their dream home, how would it work?
Did you know that the home renovation market is now worth more than $450 billion per year? Renovation lending can help your clients turn their current home or the next purchase into their dream home. In addition to building your pipeline and combating historically nationwide low inventory levels, you can now provide product choices to help your clients!
Are you an approved partner?
Fairway Wholesale Lending uniquely has a dedicated Renovation department to ensure the success of the transaction for our brokers and providing excellent service to your clients.
Now, whether your client is DIYer looking to fix up their dream home or a homebuyer who comes across a property that didn’t quite fit what they’re looking for but is willing to make the renovations — you’ll be ready.
With your own dedicated Renovation Lending team, you can now offer homebuyers even more choices, such as:
FHA 203(k) Limited
- 620 FICO
- 3.5% (96.5%) LTV
- 1 to 4 unit primary residence
FHA 203(k) Standard
- 620 FICO
- 3.5% (96.5%) LTV
- 1 to 4 unit primary residence
FNMA Homestyle®
- 620 FICO
- Conforming 97% | High Bal 95%
- 1 to 4 unit primary residence | 1 Unit Investment or second home
Not an approved partner yet?
