Home Renovation Loan
Finance home improvements into your mortgage.With a home renovation mortgage from Banner Bank, we help make your home truly your own. Whether you are refinancing your existing mortgage or buying a new home, renovation costs can be combined into your home loan.
Program features include:
- Fixed rate terms available
- Borrow up to 95% of the home's value (may require mortgage insurance)
- Borrow up to $50,000 of your estimated renovation budget, plus 10% contingency
- Purchase or refinance options available for single family homes, condominiums and manufactured homes
Building or remodeling a home is an exciting project, yet it can be daunting. Here are some great ideas for getting started on building your dream home or remodeling your current home to make it perfect.
See what your monthly mortgage payment will be and how interest, down payments and prepayments affect your mortgage.