*NEW* Renovation Central

Are you passing up opportunities on renovation loan programs due to unfamiliarity?  Absolute makes it easy - let us help!  At Absolute we take the pain out of renovation loans and help you expand your client offerings!  Contact your Account Executive today for more information!


Application Stage 

Renovation Specific Fees

Renovation Bid Guidance

203(k) Max Mortgage Worksheet

Homestyle Max Mortgage Worksheet - FNMA Form 1035

203(k) Submission Form

HomeStyle Submission Form

 

Contractor Approval & Process Flow

Contractor vetting & approval will be required during the process.  In addition to the Contractor Questionnaire and W9 forms, the contractor will need to provide their business license (must be licensed in the project state), evidence of at least $1 million in liability insurance, and a copy of their driver's license.  The contractor's Tax ID will be verified with the IRS and they will be vetted for on-time payment record with vendors, liens, judgments, legal issues, etc.

Contractor Questionnaire

W9

Limited 203(k) Sample Draw Request Form

Limited 203(k) Process Flow

Full203kProcessFlow.pdf

Note:  We do not issue early CDs on renovation loans.  Your loan will need to be CTC in order for the CD to be sent to hold your settlement date.

Post-Closing

Initial Disbursements, Project Draws & Escrowed Mortgage Payments

 

 

  

Renovation Draw Guida

 

Contact Information
Direct: (855) 888-2462
Email: Send Email
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Absolute Home Mortgage Corp.
330 Passaic Avenue, Suite 204, Fairfield, NJ  07004
Direct:  (855) 888-2462
bketler@ahmcloans.com
Copyright © 2018 Absolute Home Mortgage Corporation NMLS #176743, California - DBO Finance Lenders Law License #603L578, Connecticut Mortgage Lender License #ML-176743, Delaware Office of the State Bank Commissioner License #025694, District of Columbia Mortgage Dual Authority License #MLB176743, Florida Office of Financial Regulation License #MLD424, Maryland Division of Financial Regulation License #06-19958, Licensed by the New Jersey Department of Banking and Insurance, License #9826392, New York Mortgage Broker Registration #A005639, Licensed under Ohio Mortgage Broker Act Certificate of Registration # MB.804122.000 and the Ohio Mortgage Loan Certificate of Registration # SM.501845.000, Licensed by the Pennsylvania Department of Banking and Securities, License #34628, Virginia State Corporation Commission # MC-5924, Delaware Lender License #025694, North Carolina Mortgage Lender License #L-177842, South Carolina Mortgage Lender License #MLS-176743. Equal Housing Lender
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