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Home Improvement Loans for Renovation & Rehab in NH

Home improvement loans - renovation loans in NH

Financing for Renovations in NH

Is your New Hampshire home in need of some major repairs? Is your kitchen outdated and you really want to remodel? Do you love your home but want to put on an addition for your growing family? There are a number of different ways to finance your renovations or home improvements.

Cash-out Refinance – You can obtain a new mortgage that is larger than your current mortgage and use the cash proceeds for improvements. This works best when you have equity in your home and interest rates are low.

Home Equity Loan or Line of Credit – This is a second mortgage on your home. This works best when you have equity in your home and interest rates are higher than your current mortgage.

Home Improvement Loans, Rehab & Renovation Loans – They are called many different things, but they basically work the same way. They are new loans that provide you with the funds needed to make predetermined improvements on a predetermined disbursement schedule, similar to the way a construction loan is used to build a new home. This type of financing can be used to either pay off your existing mortgage or be added on top of what you owe now (in the form of a second mortgage). This works best on expensive improvement projects when you may be hiring a general contractor or likely will have equity when the improvements are completed.

We base the amount you can borrow on the after-improvement value of your home. These are the programs of choice when you don’t have enough existing equity to finance the improvements.
To get started, contact Charley at (603) 471-9300 or send an email below to ask a question, or if you're ready to proceed click on either of the links below to get started. Your information will be kept completely private.

  • Get pre-approved.
  • Apply now with a property address.

NOTE: Be sure to have a PDF or picture of the following items in hand to upload as you fill out the application:

  • Your two most recent tax returns (1040s, schedules, and W-2s)
  • Your two most recent pay stubs (if you receive them)

 

Get pre-approved or apply here.

To begin your application, be sure to have a PDF or picture of the following items in hand:

  • Your two most recent tax returns (1040s, schedules, and W-2s)
  • Your two most recent pay stubs (if you receive them)

“Thank you!”

– Peter J

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Charley Farley Home Loans

Office (603) 471-9300
Fax (855) 812-9282
650 Elm St Suite 600
Manchester, NH 03101


 

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