Construction Loans with Inlanta Mortgage

Milwaukee-Construction-Loans

Ready to build the home of your dreams? Inlanta Mortgage offers construction loans in Ozaukee, Milwaukee, Racine, Waukesha and Washington counties in Wisconsin*.

Construction Loan Program Features

A construction loan with Inlanta Mortgage can help you finance the home of your dreams. Here are the features of the construction loan program for borrowers in the Milwaukee Metro area:

  • 12 month note
  • First year interest only payments
  • 85% LTV (based on the lower of
    appraisal or cost)
  • 680 is minimum credit score
  • Loan amounts up to $417,000
  • Available in the following Milwaukee Metro area counties: Ozaukee, Washington, Waukesha, Milwaukee & Racine

Renovation Loans Options

Maybe you are not interested in building from scratch – maybe you want to finance renovations or rehab a property that isn’t meeting your needs. In that case, you may be interested in learning more about Inlanta’s FHA 203k Rehabilitation loan or the Freddie Mac HomeStyle® loan.

*If you are not located in the Milwaukee Metro area, we encourage you to connect with a licensed Inlanta Mortgage loan officer near you to ask about their construction loan options. Options vary by state and region.

 

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was named a Top Mortgage Lender in 2012 by Scotsman Guide, Top Workplace in 2012, has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders list in 2010, 2011, 2012, and 2013. Inlanta has also been named to Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and most recently 50 Best Companies to Work For.

 

HomeStyle Renovation Loan

HomeStyle® Renovation Loan

Renovate, repair or improve a home with a HomeStyle® Renovation loan.

What is HomeStyle® Renovation?

HomeStyle® combines home purchase or refinance with home improvement financing in one loan with one closing. HomeStyle® loans let you customize a home to your liking or make needed repairs as long as they are permanent to the property and add value.

What are the Benefits of a HomeStyle® Renovation Loan?

  • Cost effective way to renovate or improve a property
  • Make renovations, repairs or improvements totaling up to 50% of the as-completed value of property with first mortgage.
  • No minimum renovation amount
  • Fixed and adjustable rate options
  • Private mortgage insurance

HomeStyle® Renovation Eligible Properties

  • 1-4 family primary residences
  • Second homes
  • 1-unit investment property
  • Log homes

More About HomeStyle® Renovation Loans

Use our branch locator to find a loan officer near you who can explain more about the HomeStyle® Renovation loan. In addition to the HomeStyle® Renovation Loan, Inlanta Mortgage also offers FHA 203k rehabilitation mortgage loans.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. We are currently celebrating our 20th Anniversary! Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

FHA 203k Loan Guidelines – Financing for Fixer-Uppers

FHA 203k Loans

Did you find a fixer-upper? Not sure how to finance repairs?

Finance House and Repairs

If you find a house in need of repairs, an FHA 203K rehabilitation loan allows you to finance the repairs and the house purchase in one loan.

A bedroom addition, a family room extension, an upgraded kitchen or a bathroom remodel are just a few of the options available to you with an FHA 203K rehabilitation loan. Click here to learn more about regular FHA 203K loans (for larger scale rehab projects), Streamline FHA 203K loans (for smaller rehab projects), and eligible repairs and properties under each program.

Five Reasons to Consider FHA 203K Loan

  • Turn an average home into a dream home. Qualifed homebuyers can improve less-than-perfect homes in desirable locations or address property shortcomings immediately without draining your savings.
  • Make the home your own – removing the previous owner’s style. Everyone has different tastes – you don’t have to live with the previous owner’s choices.
  • Fix things the previous owner may have ignored – windows, roof repairs, etc.
  • Get more house for the money. REOs and foreclosures are still a large part of the real estate inventory. Buyers can take advantage of reduced home prices.
  • Rolling rehabilitation costs into the mortgage allows borrowers access to repair funds at lower rates.

FHA 203K Program/Property Guidelines

  • Down payment – 3.5% of total amount of purchase plus costs of repairs – gift funds are allowed
  • Seller contributions – seller may contribute 6% of purchase prices toward closing cost and prepaids
  • Purchase of owner occupied primary residence
  • All properties must be at least one year old
  • New construction is not eligible
  • Commercial properties are not eligible
  • Required $5,000 minimum renovation cost

Additional restrictions may apply and FHA 203K loan guidelines are subject to change. Please contact a licensed Inlanta Mortgage loan officer for more information on FHA 203K Rehabilitation loans.

More Information on FHA 203K Loans

Contact a licensed Inlanta Mortgage loan originator for more information on FHA 203K rehabilitation loans. Use our branch locator to find an office near you – or apply online now.

About Inlanta Mortgage

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is a proud recent recipient of a Top Mortgage Lenders 2012 Award from Scotsman Guide and was recently recognized as one of the Fastest Growing Firms in the Milwaukee-Area by the Milwaukee Business Journal.