Construction / Builder / Renovation Loans
Hallmark Home Mortgage has developed a number of programs to help with home constructions, builders, and renovators alike. Loans such as FHA 203K, Our Toolbox Renovation Loan, and the Two-Time Close Construction loan, allow us to give our builder and construction partners the best possible mortgage experience. Click below to learn more about how these products can help you.
If you are ready to apply, you can always click on the Apply Now button and be taken to our Branch Home page, where you can select the Hallmark Home Mortgage Branch in your area, then select the Mortgage Loan Originator of your choice and get started on the Loan Application process.
Two-Time Close Construction Loan
If you have plans to build a dream home, ask a Hallmark Home Mortgage Loan Originator about this program. With our Two-Time Construction Loan, modifications can be made throughout the construction. Our in-house construction lending program saves you time, and paperwork, allowing you to get to that dream project faster. Connect with a Mortgage Loan Originator
to find out if you qualify, and if you’re ready to apply today, click the Apply Now Button to begin the process of selecting a Mortgage Loan Originator and the Online Application process.
FHA 203K Loans
This loan program is backed by the federal government and is given to buyers who want to buy a home in need of repairs back to a suitable condition. Connect with a Mortgage Loan Originator
in your area to learn if you are eligible, or to get started with this loan.
- Minimum Credit Score of 620
- Minimum Down Payment of 3.5%
- Total Rehabilitation cost must not exceed $35,000
Toolbox Renovation Loan
As part of Hallmark Home Mortgage’s commitment to our communities, we have developed the Toolbox Mortgage. The Toolbox Mortgage was designed to help a buyer take a home that they “like” and turn it into a home that they “love.” The program allows for repairs, updates, and/or add-on to their home. The Toolbox Mortgage is available for anyone interested in purchasing or refinancing a home that is in need of renovations. It streamlines the borrowing process by allowing the cost of renovations to be included in the mortgage. Many homes that are in need of renovations could possibly be sold at a reduced price because of updating and needed repairs, creating positive equity. *Restrictions apply. Connect with a Mortgage Loan Originator
to find out if you qualify, and if you’re ready to apply today, click below to be taken to our Branches page to find the branch in your area and select a Mortgage Loan Originator to begin the Online Application process.
- Buyers are required to use a Hallmark approved renovation builder. The builder approval process is based on the builders experience and past customer referrals
- Allows for 2-3 QuickDraws of renovation funds. All draws are handled locally
- Offers financing on homes that need renovation thus aids stabilization of property values