What is a Rehab Loan?
A Rehab loan (also known as Property Restoration Loan) allows you to purchase or refinance your home and complete your home renovation projects. This loan product is for either your primary residence or investment properties.
A Final inspection of the renovation project will be required 6 months after loan closing, when the work has been completed. Any additional funds not used for the home projects will be applied to the principal balance.
Available in Scott and Rock Island Counties. Ask your licensed Loan Officer for details on this program.
Why choose Us?
All of our Loan Officers are state licensed. Talking to a licensed Loan Officer is an important step to getting the right mortgage loan. Everybody has different loan needs and your Loan Officer will know which questions to ask in order to best match you with the right loan and monthly payment.
Personalized Help. The Loan Officer will also explain all the steps–from getting started, to locking in your low rate, to closing your loan Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.