home improvement loans

Home Improvement Loans

Whether you’re looking for a Home Improvement Loan for a house, are in the process of buying, or want to renovate your current home, Hurst Lending & Insurance can help.  We offer several Home Improvement Loans to meet a wide range of home improvement needs.  We would be happy to talk with you about the best home improvement loan for your situation – contact us for more information.

Purchase And Renovate – One Loan and One Closing

Buying a home but want to update the kitchen, bathroom, or even add square footage? We offer a one-time closing purchase and home improvement loan so you can purchase a home and make the renovations or repairs that will turn it into your dream home.

  • Finance small renovation projects or even major remodels
  • Loan amount is based on the home value after improvements are made and applicable mortgage limits
  • Up to 96.5% loan to value (LTV) of the “as-completed” future value
  • Competitive conventional and government 30-year or 15-year fixed rate mortgages
  • Credit scores as low as 640
  • Lower Monthly Payments – Cost of home improvements spread over life of mortgage
  • Available for primary residence, second home, vacation property, or investment property*

Refinance and Renovate Cash-Out Loan

Want to remodel your home and act as your own general contractor or remodel your home yourself? If you have more than 20% equity in your existing home, you can refinance your home and take out cash to make home improvements as well as borrow funds for other purposes.  With our program you don’t have to use a specific contractor or follow any rules on how your funds are distributed.  You can manage the entire process yourself utilizing up to 80% of your property’s current value to comply with Texas home equity laws.

  • Act as your own general contractor or even renovate your property yourself
  • Take cash out for more than just your home renovation
  • Up to 80% loan to value (LTV) of your home’s existing value
  • Competitive conventional 30-year or 15-year fixed rate mortgages
  • Lower Monthly Payments – Cost of Improvements spread over life of mortgage
  • Available for primary residence, second home, vacation property, or investment property

Please note that many lenders do not offer cash-out loan options in Texas due to the Texas Home Equity laws.  We are a Texas-based lender and we specialize in offering cash out refinance programs for conventional loans (anything under $417k in Texas), jumbo loans ($418k or higher n Texas), investment property loans and even multi-family loans.  You can use this type of loan to fund home improvements or renovate your home without the restrictions that come with other home improvement and renovation programs.

Refinance And Renovate

If you don’t have enough equity in your home to take advantage of the cash-out refinance loans described above, but would like to refinance and roll in the cost of home improvements, we offer another program that can help.  With this program, you can refinance and borrow up to 95% loan to value (LTV) of the “as-completed” future value of your home.

  • Finance small renovation projects or even major remodels
  • Loan amount is based on the home value after improvements are made and applicable mortgage limts
  • Up to 95% loan to value (LTV) of the “as-completed” future value
  • Competitive conventional and government 30-year or 15-year fixed rate mortgages
  • Credit scores as low as 640
  • Lower Monthly Payments – Cost of Improvements spread over life of mortgage
  • Available for primary residence, second home, vacation property, or investment property.

FHA 203(k) Rehab Loan

(Not Limited to First-time Homebuyers)

If you are looking to put as little cash down as possible or have a low credit score (down to 640), the FHA 203(k) Rehab Loan program may be the right one for you. We offer both Limited 203(k) and Standard 203(k) loans.   Click here for more details on our 203k Rehab Loans.

Fannie Mae Homestyle® Renovation Loan

If your renovation mortgage needs are less than the conventional limit of $417,000 and you are looking to borrow up to 95% of the future value of your home, then the Homestyle Renovation Loan may be the best program for you. A Homestyle Renovation Loan will allow for repair and remodeling of your primary residence, second homes, vacation homes, or investment properties. Click here for more details on our Homestyle Renovation Loans.

To get a quote for a Home Improvement or Renovation Loan, please click the button below or call us toll free at 877-292-7350. We would love a chance to earn your business and help you save money on your loan.

Get A Quote

*Please note that LTV requirements differ for Second/Vacation Homes and Investment property:

(1)   Second Home or Vacation Property Purchase with Renovation Loan:  Up to 90% loan to value (LTV) of the “as-completed” future value; and

(2) Investment Property Purchase with Renovation Loan:  Up to 80% loan to value (LTV) of the “as-completed” future value.