203K Loan

Get the perfect mortgage loan for the “almost perfect” house. A 203K Streamlined Renovation Loan provides the funds to purchase a house and make the improvements that will turn it into your dream home!

Criteria

  • Financing for minimum of $5,000 in improvements
  • Most permanent renovations eligible (i.e. kitchen, bath, roofing, flooring, septic, etc.)
  • 3.5% minimum down payment
  • Renovations to be completed within 90 days
  • Licensed and insured contractors must be used
  • Borrower may not be a contractor

Renovation Loan

Whether you want to buy a property that needs some work or your current home requires some necessary updates, Coastway's renovation loan lets you borrow against the finished value of the home.

Criteria

  • Fixed rate loan
  • Single family, primary residence only
  • Properties in Rhode Island only

Loans subject to credit approval. Rates and terms may vary.

Construction Loan

Whether you want to buy a property that needs some work or your current home requires some necessary updates, Coastway's renovation loan lets you borrow against the finished value of the home.

Features

  • Interest only payments during the construction period.
  • Converts to a fixed-rate mortgage after the construction period.
  • For construction of a single family primary residence or second home
  • Only available in Rhode Island
  • Project must have a licensed and insured general contractor

Loans subject to credit qualifications. Rates and terms may vary.

Coastway Insurance Connection

Having the right insurance means never having to worry what’s just over the horizon.

Features & Promotions

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