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.

Features & Promotions

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