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Renovation Mortgage Loan
What is a Renovation Loan?

Perfect for fixer-uppers and out-of-date homes!

Answer the following questions to get the ball rolling to finance your Fixer Upper.
Loan Purpose
Free Consultation
We will review your questions and help guide you to understand the right renovation loan to help you reach your goals.
Superior Rates
Let Us Shop The Market For You. We Know Our Loan Products and Compare Rates Across 1000's of Lenders to Find You The Best Rate For Your Loan.
Use Renovated Value
Our products will allow you to submit your loan application and qualify on the value of the home, after all project repairs have been completed. What does this mean? Borrow more than the home's value at the beginning of the project.
Renovation Loan Experts
We know you have questions: Will I be qualified? How long will it take to close? What is the process of qualification and approval for a mortgage? Our promise is to do our best to address all of your questions and assist you throughout the renovation loan process to maximize the chance of achieving your desirable results.
FHA 203(k) Renovation Loan
The FHA 203(k) Standard program allows eligible borrowers to combine the purchase or refinance of a home with the cost of repairs to that home. As FHA’s primary program for the rehabilitation and repair of single-family properties, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.  
VA Renovation Loan
The VA Renovation loan program is a government-backed initiative designed to help active duty military personnel, reservists and Veterans take advantage of up to 100% financing that covers not only the current value of the property, but the cost of remodeling and repairs as well.  
FNMA HomeStyle Loan
The Fannie Mae HomeStyle Renovation loan allows borrowers to purchase a home that needs repairs, or refinance their existing home, and include the necessary funds for renovation in the balance of the new loan. Total, allowable renovation costs up to 50% of the home's after-repaired value. These loans can be used on non-owner occupied properties and vacation homes. Luxury improvements allowed!  
FHLMC CHOICERenovation
CHOICERenovation is advantageous for borrowers who wish to refinance an existing mortgage and take on a substantial home improvement project. Renovations and repairs up to $200,000 & Loan amount based on “as-completed” value.  
Jumbo Renovation Loan
One Loan covers both the home and renovation costs. You are able to make interest-only payments during the renovation and draw funds as needed. You can also finance soft costs, such as architectural services, inspections and permit fees. Jumbo Renovation Loans up to $2 million are available.  
Fix n Flip Loans
We offer fix and flip loans for single-unit, multi-unit, and mixed-use residential projects, up to a maximum 75% of the renovated value. We allow rehab projects of any scope or size, provided you have the experience to complete the project. Purchases, refinances, and cash out deals are eligible. Average downpayment is 10% with loan terms up to 12 months  
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SATORI MORTGAGE
NMLS # 4190 Mortgage Broker
2808 West Broadway Minneapolis, MN 55411
(866) 405-3697
info@satorimortgage.com
Complaints may be directed to: Phone: (855) 906-6784 or Email: compliance@satorimortgage.com
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Copyright ©2022 Satori Mortgage. NMLS# 4190. 2808 West Broadway Minneapolis, MN 55411 (866) 405-3697. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV