Home renovation loans
Guild Mortgage has an experienced renovation team and dedicated processing, underwriting and funding teams who will simplify the typically cumbersome process of a renovation loan and assist every step of the way. You can feel confident knowing your transaction is in great hands from start to finish.
What is a renovation loan?
- Remodels and/or upgrades
- Purchase a home “as-is” and make repairs after closing, with one loan
- Refinance a home, use funds to pay off existing lien and repairs in one loan
- 1-4 units and condominiums
Home renovation loan options
Conventional
- Owner occupancy, second homes and investment properties
- Down payment as low as 3%
- Finance up to six months of mortgage payments
- Fewer restriction on improvements
- Luxury items allowed
FHA 203(k)
- Requires owner occupancy
- Down payment as low as 3.5%
- HUD Consultant required
- Structural improvements allowed
- Some exclusions apply on landscape improvements
- Finance up to six months of mortgage payments
FHA 203(k) Limited
- Requires owner occupancy
- Maximum repair amount of $35,000
- Down payment as low as 3.5%
- HUD Consultant not required
- Structural improvements not allowed
- Intended for minor cosmetic repairs
- Mortgage payments cannot be included
View our gallery of before and after examples to imagine your next project
National GuildHome Renovation Team
Danny Fitzpatrick
Renovation Branch Manager
| Phone: | (858) 987-7849 |
| Fax: | (858) 291-1002 |
Coverage area
The greater San Diego Area | El Centro | Northern California – South Bay Coastal including San Jose and Morgan Hill | Hawaii | Alaska
Tina Clark
Renovation Loan Specialist
| Phone: | (623) 570-5820 |
| Fax: | (866) 201-4042 |
Coverage area
Arizona | Utah | New Mexico | Nevada | Colorado | Wyoming | Idaho | Texas
Thomas Bouda
Renovation Loan Specialist
| Phone: | (714) 423-1060 |
| Fax: | (858) 386-7266 |
Coverage area
Orange County, CA | Inland Empire – Riverside, San Bernardino, Palm Desert, Indio and Kern Counties, CA | Greater Bay Area – Oakland, S.F., Richmond, Walnut Creek, Concard, Antioch | Oregon State
Tanya Morris
Renovation Loan Specialist
| Phone: | (702) 204-7609 |
| Fax: | (858) 682-2219 |
Coverage area
Greater Los Angeles Area | Santa Maria | Ventura | Bakersfield | Lancaster/Palmdale | Calabasas
Howard Nordberg
Renovation Loan Specialist
| Phone: | (916) 704-2828 |
| Fax: | (858) 375-5247 |
Coverage area
Inland California Valley | Greater Sacramento area | Placer, Solano, Sutter and Yuba Counties | Redding, Fairfield, Santa Rosa, Healdsburg | Utah
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Renovation programs are eligible in the following states: AK, AZ, CA, CO, HI, ID, MO, NM, NV, OR, TX, UT and WY.