Financing

Pantheon can help make your project happen.

Renovation Financing

Have you found the perfect location but are unable to find a house within your budget ? A different perspective may be all you need!

Change your perspective and purchase a “fixer upper” with a renovation loan. A renovation loan allows you to look at homes in your budget that may need a new kitchen, bathrooms, windows, roof or even an addition. As renovation specialists, Pantheon Construction can help. We work with the nations top lenders to offer you a single solution combining best in class construction expertise and financing

What is a Renovation Loan?

  • A Renovation Loan allows a buyer to purchase (or refinance) and renovate a property with one loan and one closing.
  • Pantheon will help you streamline the process so you receive your commission and the seller receives their payoff sooner.
  • The loan is based on the after-improved value —what the house will be worth once the renovations are complete.
  • Include all upgrades and repairs in one loan. Your clients can purchase a home with only 3.5 percent down payment on the total sale price, plus the cost of repairs

Which Renovation Loan is right for you?

Our lenders offer a full like of renovation mortgages. Generally, every $10,000 in renovations and/or improvements will increase your client’s monthly mortgage payments only around $55 per month! Plus the additional mortgage debt is smarter debt; interest paid on a mortgage is tax deductible, unlike credit card interest!

  • A renovation loan is an FHA insured loan that allows buyers to purchase a home and include money for renovations and/or repairs into the same mortgage loan used to purchase the home.
  • This program loans buyers money based on the home’s after-improved value. Repairs can either be required repairs or optional repairs.
  • A renovation loan can be used to finance HUD homes,or “fixer-uppers” and gives you an easy, convenient way to remodel a home to match your taste.

Generally, every $10,000 in renovations and/or improvements will increase your client’s monthly mortgage payments only around $55 per month! Plus the additional mortgage debt is smarter debt; interest paid on a mortgage is tax deductible, unlike credit card interest!