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.

Renovation Loan Webinar with Chris DePaepe

Renovation Loan Webinar with Chris DePaepe Q&A

Testimonials

  • Christine was amazing. She was extremely responsive and helpful every step of the way. Thank you Christine for making my home buying experience a great experience!!

    Yolanda M.
    Chicago, IL
  • Home renovation loans are a very complicated loan, but in working with Chris and her team, all was handled well and completed on time. Thank you for your efforts in getting us through the loan process!

    Brett W.
    Chicago, IL
  • We really appreciate all the hard work you and your team did to make our dream come true and give us our dream home. It was a blessing how we discovered you and your program. We could never have asked for a better team nor can we thank you enough for all the hard work you have done for our family.

    The L. Family
    Plumas Lake, CA
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