Home Improvement loans & Purchase Plus Improvement Loans

Do you want to make improvements or updates to your home?  Do you want to buy a home that's not quite O.K. to live in?  

We an help.  We understand not every home meets the requirements of Mortgage Lenders.  Often, it doesn't meet the needs of the homeowner or homebuyer.  First Portland Mortgage offers many loan programs to help you buy a home and renovate it.  We also offer programs to help you build or improve your present home.  Here are some of the loan options we have. 

  • Cash out financing on your home up to 80% of the present value.  Then do the improvements yourself.
  • Add a home equity line of credit (primary and second homes only)
  • FHA 203k Limited rehab loan (limited to $35k in repairs and improvements)
  • FHA Full Loan program - Primary residence only
  • Construction loans that convert to permanent financing
  • Fannie Mae Homestyle Program - Primary homes, second homes and investment properties
  • Home Equity Line of credit (for primary residence already owned)
  • Builder loans and loans for buyers who will flip the home after renovations

There are differences in the above programs.  We can help you navigate through them to figure out which program works best for you. Call us today at 207-878-7770 or start by getting qualified here.