Finance the Fix—With a Rehab Loan
Buy or refinance a home and roll renovation costs into one loan.
Perfect for fixer-uppers, outdated homes, or major repairs.
What Is a Rehab Loan?
A rehab loan allows you to finance both the purchase (or refinance) of a home and the cost of renovations with a single mortgage. These loans are often backed by the FHA or offered through specialized renovation programs.
How It Works
Getting the right insurance coverage has never been easier. Follow our simple process to get protected today.
Who Qualifies?
Rehab loans are available to buyers and homeowners planning to live in the property as a primary residence. You’ll need to qualify based on your credit, income, and project scope—typically with a 620+ credit score and a detailed renovation plan.
Why Buyers & Homeowners Use Rehab Loans:
🔨 Buy homes others overlook
🏚️ Turn a fixer-upper into your dream home
💰 Finance repairs with just 3.5% down (FHA 203k)
🔄 Renovate your current home without a second loan
📈 Build instant equity through upgrades
Rehab Loan FAQs
Q: Can I use it on a home I already own?
Yes. You can refinance your current home and finance renovations at the same time.
Q: What if the house isn’t livable yet?
That’s fine! These loans are made for properties needing serious repairs.
Q: Do I need to hire a licensed contractor?
Usually, yes. Lenders require professional estimates and oversight.
About Us
At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish.
Company NMLS: 411500
Equal Housing Opportunity
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Disclosures and License Information
Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))