Of course you can. We have great hard money and private money options. Fill out an application on our site. We've been lending since 2004 and have a unique pool of investors. We'd love to help you when you need it.
It completely depends on the ARV (As Repaired Value). That is to say, what will the value of your home be AFTER the renovation is completed. You can ballpark the cost by adding your mortgage payoff and your expected renovation and then divide by your ARV.
FHA 203k allows you to go to 110% Loan-to-Value, otherwise 10% ABOVE the final appraised value.
You can find great information about this and many other renovation topics at my website: just google 203k world
I'm sorry to hear whoever you spoke with at Chase completely misinformed you. I've helped clients use this great loan program for basic repairs to full blown renovations and everything in between. There are also conventional programs which could help eliminate mortgage insurance to make your renovation costs most affordable. This is one of my specialties and I'd be more than happy to tell you all about the available programs so we can best determine which makes most financial sense. Please contact me at your earliest convenience so I can gain a clearer snapshot of your scenario and the work you're looking to complete.
Paul F. Marzolla
Sr. Mortgage Advisor
(201) 957-6768... more