Construction & Renovation Loans

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

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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

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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.