Financing Options

A remodeling project can be a large investment and finding financing can be tricky. Hopefully these resources help you get the financing you need to make your home your castle!

 

PROJECT PAYMENT OPTIONS

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PROJECT SIZE $100 – $5,000

creditcardsCredit Cards accepted for final payments up to 50% of project costs, $5,000 max.

PROJECT SIZE $5,000 – $100,000

Home Equity Line of Credit (HELOC) – Talk to your bank about this option. This will depend on the amount of equity you have in your home.

PROJECT SIZE $5,000+

Alerus Mortgage LogoIf you do not already have financing in place, we recommend you call Mary Taylor of Alerus Mortgage. Mary can analyze your particular construction financing scenario and advise you on a number of options. She will walk you through the loan process — from beginning to end — so you are fully informed about the terms of your construction loan and any end mortgage you may need.

 

Mary consistently closes all loans on time and comes to clients’ closing. She will secure a competitive rate for you, has more than ten years of experience and is friendly. You will come away feeling confident and relieved that you have a mortgage you can trust.

 

Mary Taylor, Loan Officer
Alerus Mortgage
612.940.7654
mary.taylor@alerus.com

 

PROJECT SIZE $5,000+

April has been in the mortgage business since 1999 and experienced all the ups and downs the industry has endured over 20 years.  This has resulted in her talent to listen, problem solve and come up with the best solution and route for you to be able to purchase the home of your dreams!

 

Below are a few highlights, but please give her a call today to get your questions answered and on the road to a successful closing!

  • Financing up to 90% on jumbo loans (loan amount over $453K)
  • Rehab loans to cover the costs of acquisition and remodel/repairs in 1 loan; Conventional and FHA 203K full and streamline available!
  • An entire department is dedicated to just rehab products for faster processing, closing, and disbursements to allow you to move in sooner!  You will be walked through the process more thoroughly and never feel lost or in the dark on what is going on.

April RanalloApril Ranallo, VP of Mortgage Lending
Guaranteed Rate
april.ranallo@rate.com
www.rate.com/aprilranallo
O: 612.440.1046 – C: 847.873.7278
2 Carlson Pkwy N Ste 355, Plymouth, MN 55447
NMLS ID: 211152

 

 

PROJECT SIZE ANY

Renovation is my specialty. Homebuyers or homeowners can roll remodeling cost into one loan. If you or anyone you know is considering a remodeling project, big or small, call me.  

David Sawicki – NMLS 328929
Sr. Mortgage Consultant & Renovation Loan Specialist
Wintrust Mortgage Corporation

1915 Plaza Drive, Suite 201, Eagan, MN  55122
P: 651-406-5008 | C: 612-916-6366 | F: 952-224-1801 | dsawicki@wintrustmortgage.com

PROJECT SIZE ANY

financialoneFinancial One Credit Union offers affordable financing options to meet any of your home improvement needs with no additional costs to you. We will work with you step by step to make sure that we meet your specific financial needs. Financial One is chartered to lend in NE Minneapolis and the Northern suburbs. Contact Lacey Mack or Ross Bloomquist directly at 763-404-7625.

 

PROJECT SIZE ANY

Deerwood Bank offers many renovation options, including the below.Contact Craig Lind to get started.

 

  • Construction to Perm loan – 1 closing
  • Construction only loan
  • Future Value HELOC as a 2nd mortgage (niche Deerwood Bank product)
  • Standard HELOC
  • MN Housing Fix-Up fund (no appraisal required)

 

Craig Lind
Metro Residential Lending Manager
NMLS 1123619

1060 Dakota Dr| Mendota Heights, MN 55120
Office 651-634-6277 | Cell 612-275-1144 | Fax 651-634-6305 |

craig.lind@deerwoodbank.com

 

 

 

Neighborhood Resources – Low Interest & Forgivable Loans & Energy Improvement Financing

 

Neighborhood Energy Connection LogoNEC – Neighborhood Energy Connection – (651) 227-4462

 

 

 

Center for Energy and Environment LogoCEE – Center for Energy and Environment – (612) 335-5884

 

 

 

Housing Resource Center LogoHRC – Housing Resource Center – (612) 378-7985

 

 

Utility & State Based Grant, Rebates, and Loan Programs

Visit www.dsireusa.org for more info as well as

 

 

 

 

 

 

 

** Castle Building & Remodeling does not provide any financing directly to clients. All financing based on approved credit. Please call 612-789-8509 ext. 2 or 651-699-4164 ext. 2 with questions.