Home Renovation Loan
The loan for renovating your purchase.
With a Home Renovation Mortgage from Banner Bank it's easy to create your dream home.
Program features include:
- Fixed rate terms available
- Up to 95% LTV (subject to Mortgage Insurance availability)
- Renovation budgets up to $50,000 plus 10% contingency
- Purchase or refinance options available for single family homes, condos and manufactured housing
- Minimum credit score: 660, Maximum Debt to Income Ratio: 45%
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.