Renovation and Construction Loan Services

Get Funding for Your Construction Projects

Are you looking for home loans in Bellingham, WA for your upcoming renovation project? At Neighborhood Mortgage, we know that getting your dream home can take a little work. That's why we're proud to offer renovation and construction loans alongside our other mortgage options.

With these loans, you can get money to invest back into your home. In some cases, you may be building a new home from scratch. In other situations, you may need money to renovate your existing home. We have options for loans for these situations and more.

Which one is right for you? You can discuss the options with our small but dedicated team at Neighborhood Mortgage. Whether you're looking to renovate your existing home or build a new one from the ground up, our experienced team of financial advisors is here to guide you every step of the way. Fill out our online form for a free consultation today.

Exploring the Options for Renovation Loans

Renovation loans are designed to support you when you need to invest money into a remodeling project. With this type of loan, you can combine the purchase or refinance of a home with the costs needed to renovate or extensively remodel the property.

The loan can be used to cover a range of soft costs. This includes:

• Architectural services
• Engineering
• Permits fees
• Full builder third-party contracts

When you close, all the funds for the renovation will be escrowed in an interest-earning account. After your renovation work is complete, any remaining funds in the escrow account will be used to pay down the principal balance of the mortgage. Contact us today!

Understanding Construction Loans

A construction loan is specially designed to cover the costs of building a new property. You can set up your loan for a one-time close on a six-month, nine-month, or twelve-month construction project. During construction, you will only have to pay for interest.

These loans can be used to cover several soft costs such as architectural fees, engineering fees, and permit fees. Closing costs may not be eligible. Only full third-party builder contracts are eligible.

To learn more about construction loans and how they work, Neighborhood Mortgage is here to help. We'd be happy to help you get started. Reach out now to get started.

Get Support From a Trusted Mortgage Team

We understand that every homebuyer's journey is unique, and we're here to support you every step of the way. We promise to earn your trust with our dedication and our sheer desire to help you succeed. We're not afraid to go the extra mile and do what other companies can't.

Since 2004, our family-owned business has been serving the communities of Washington and Arizona with a personal touch. Our small yet experienced team, boasting over 150 years of combined experience, is committed to providing fast, accurate, and trustworthy mortgage services. We take pride in our integrity and our unwavering commitment to helping you achieve your dreams.

With Neighborhood Mortgage, you're not just another customer. You're a valued member of our community, and we're here to provide you with the best advice and loan options tailored to your needs. We're not just your financial advisors; we're your partners in making your dream home a reality.

Get in touch with Neighborhood Mortgage. We can kickstart your loan process within 24 hours and provide estimates in 24 to 48 hours. Plus, we have a reputation for fast closings! If you find a better rate elsewhere, we'll do our best to beat it.

Get in Touch Today for Construction Loans

Your dream home is just a phone call away. Reach out to Neighborhood Mortgage today and let us help you turn your dreams into reality. Whether you need a renovation loan to spruce up your current home or a construction loan to build a new one, we're here to help.

Don't hesitate to contact us for a free consultation. Our team is eager to provide you with the personable service you deserve. Let Neighborhood Mortgage be your trusted partner in your homebuying journey.