Renovation Mortgage Comparison
When it comes to renovation financing, we offer many different loan options for home buyers and homeowners. The Renovation Loans, FHA 203k, VA, & the Fannie Mae Homestyle all have different benefits and pitfalls to them. The chart below compares some of the differences between the programs. The renovation loan process is pretty much the same regardless of which loan program you go with. Mortgage options can be complicated and when you throw repairs into the mix its even more confusing. Give us a call today and we’ll work with you to explore all your options.
| Conventional | Conventional Investment | FHA 203K | VA | |
|---|---|---|---|---|
| Primary Residence | ||||
| Multi-Family Home (2-4 Units) |
||||
| Second Home | ||||
| Upfront Mortgage Ins. | 1.75% upfront | Varies | ||
| Minimum Down Payment | 5% | 20% | 3.5% | 0 |
| Gift Funds | ||||
| Structural Repairs | ||||
| Home Addition |
Latest Blog Post
How to Get $10,000 for a Down Payment in Kalamazoo: MSHDA 2026 Guide
Is your dream home stuck on the runway because you don’t have $10,000 sitting in the bank?
In aviation, we don’t just take off and hope for the best. We use every tool available—flaps, trim, and GPS—to get airborne safely. In the Michigan mortgage world, MSHDA is the extra lift you need to get off the ground.
If you are buying a home in Kalamazoo, Portage, or anywhere in Michigan, you need to know about these programs. They aren’t “too good to be true.” They are real tools designed to help you stop renting and start owning.
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