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Remodel & Renovate in 94526 : Real Estate Advice

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Activity 3
Tue Aug 1, 2017
Sheryl Arndt answered:
Hello Lynn, yes you can do a 203k loan to remodel up to maximum Danville, California FHA loan limits $636,150 if that will work.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
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Thu Jan 2, 2014
Shawn Spaw answered:
It would not be a 203k loan. You would have to refinance with a renovation loan.
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Tue Jul 3, 2012
Claudia Muller answered:
Absolutely you can. You will need to have the plans (with a complete materials list) before the appraisal can be completed.
You will need to utilize a licensed contractor.
Once the work is completed, you can refinance into a non FHA loan, as well. ... more
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