Serving California's Private Money Lending Needs Since 1975

Want to start a loan application or have an investment query?

(949) 252-8020

Val-Chris Investments - Trust Deed Investing

San Jose Rehab Loans

San Jose

San Jose Rehab Loans

A rehab loan also known as a renovation loan, enables homebuyers/homeowners to finance both the purchase or refinance along with the renovation of a home through a single mortgage. Since these loans are a method of rehabilitating neighborhoods or expanding the property tax in a specific area, they are typically insured by a government agency. Val-Chris has brokered these loans over the last 40 years and can provide clients with a quick and easy response or approval for any type of rehab loan.

Housing and Urban Development (HUD)

Some of the most common rehab loans are issued through the U.S. Department of Housing and Urban Development (HUD). According to the Housing Act of 1978, an individual attempting to get a loan is required to have qualifying property by coming up to par on credit checks as well as meeting other requirements.

Loan Usage Guidelines

Once approved, rehab loans can serve for many purposes such as buying the property itself, which explains why the final loan amount can be more than the appraised value at the time of the loan acquisition. This is typically the case because property additions are usually expected to increase the value of the property, which is what secures the loans for a lender. For additional information regarding qualifying for a rehab loan in San Jose and starting the loan application process, please contact us.