Chicago Home Renovation Loans

Whether you’re buying a new home or condo, or planning a total renovation of your property, the Chicago loan experts at Christine DePaepe are here to help. Christine DePaepe, a leading home mortgage expert with Guaranteed Rate, has completed more than 4,000 transactions totaling hundreds of millions of dollars in loan value over the course of her twenty year career. That’s expertise you can count on!

Renovation Home Loan Options

Renovation home loans help Chicago homeowners and prospective buyers purchase the house of their dreams without the burden of an additional mortgage lien. Skip the endless house-hunting for the perfect home that meets all of your needs. Home renovation loans make it possible to to finance homes that are in disrepair, such as foreclosures and short sales. Improve, change or expand your existing home or new home with a Chicago home renovation loan!

  • 203k Home Loans

    For properties that are considerably damaged, an FHA 203(k) rehabilitation loan may also be an option. The FHA 203k loan allows a buyer to purchase or refinance a home in “as is” condition and complete major renovations or just some updating under one loan that includes funds for the purchase AND all rehab costs, as well as inspections and up to 6 month’s carrying costs.

  • HomeStyle Renovation Loans

    A Fannie Mae HomeStyle Renovation loan is a single-close loan that enables the borrowers to purchase a home that needs repairs, or refinance the mortgage on their existing home and include the necessary funds for renovation in the loan balance. The loan amount is based on the “as completed” value of the home rather than the present value.

We can help you finance your vision to build the home of your dreams!

Bridgeport, Chicago Home Renovation Project

The “Bridgeport Project” is a home renovation project in the Bridgeport neighborhood of Chicago. The purchaser selected the home for its great location and amazing potential. Using a HomeStyle loan through Christine DePaepe and Guaranteed Rate, the buyer will be able to create the home of their dreams.

Follow along as mortgage expert Christine DePaepe at Chicago Renovation Loans helps the buyer through the process of completing a major new home renovation project. Read More

Buying the home of your dreams?

ChrisDePaepe2013_140-140x140Chris DePaepe, actively involved in the mortgage industry since 1996, is a graduate of Rosary College in River Forest with a degree in business and DePaul University with an MBA in finance. Chris’s professionalism, her service and loyalty to her clients, and her desire to accommodate both the buyer and the Realtor as a referral source, elevate her to the top of her profession. Over the course of her 20 year career, Chris has completed more than 4,000 loan transactions – from FHA, VA, 203k, HomeStyle, commercial, jumbo, and super jumbo, for residential homes, condos, townhomes, and multi-units. Read More

Mortgage Resources

Looking for mortgage resources and home buyer information?

Contact Chris directly to receive information on:

  • Credit tips
  • How to build your credit
  • Options for rebuilding your credit
  • Ways to qualify for a mortgage
  • Roadmap to successful home closing
  • Foreclosure, Bankruptcy, and Short Sale Purchase Matrix

Renovation News