Construction and Renovation Loans

Have you been unable to find the home of your dreams? Is your current house too small or the wrong design in the right location? It may be time to have a home built for you, or to remodel the home you have!

• A One–Step Construction loan can help you with the purchase of the land for your new home as well as the construction, or to finance the construction of the home on land you already own.  These loans are available though our lender partners.  Please contact a HomeStreet Loan Officer for details.
  
  
• Renovation (remodeling) loans are intended for major improvements to existing homes, and can be used in both purchase and refinance situations.  HomeStreet has specialized in FHA 203(k) renovation loans for years.  These loans are especially useful for purchasing bank owned "repo" homes and other distressed properties, or can be used to turn your current home into a more suitable dwelling for you and your family.

Both construction and renovation loans involve getting plans and specifications, picking a contractor and signing a contract.  Contact a HomeStreet Loan Officer while you are planning your dream home, so we can help you through the process