Renovation Loans

Renovating or Remodeling?

Start with First Interstate Financial Corp.
Now you can finance improvements and repairs with one simple application, one convenient closing, and one affordable mortgage.

Why deal with the added cost and complications of a second mortgage, when the Your Home, Your Way Renovation Loan Program from First Interstate Financial Corp. gives you the cash you need to renovate or remodel — all in a single transaction.

• Finance improvements in a single low-rate mortgage
• Based on the property’s “as-completed” appraised value
• Can be used for purchase or refinance
• Low down payment and flexible credit guidelines

See if the Your Home, Your Way Renovation Loan Program is right for you

Refinancing Your Property

Make the updates that will increase the pleasure of living in your home now, as well as its future resale value. First Interstate Financial Corp. can help you refinance your mortgage, get the cash you need for renovations, and maybe even lower your monthly mortgage payment…all in one convenient transaction.

Buying a New Home

Why pass up a property in the ideal location just because it needs updating? Now you can include the cost of repairs and improvements in your new mortgage. Your Home, Your Way is also ideal for investors purchasing a fixer-upper as an investment property.

Check some projects off your to-do list

While you’re in the process of buying or refinancing, your new mortgage can include all the improvements to make your house the ideal home:

• Master suite
• Hardwood floors or carpeting
• Paint or wallpaper
• Contemporary kitchen or bath
• Siding
• Outdoor patio or desk
• In-ground pool
• Landscaping and lighting

Whether you’re buying or refinancing, take advantage of these Your Home, Your Way benefits:

• More cash for improvements — First Interstate Financial Corp. bases the amount you can borrow on the increased value of your home after your improvements are completed.
• Convenience of a single loan — We’ve streamlined the process with one application, one closing, and just one payment each month.
• Lower monthly payments — Interest rates are often lower than the combined interest you would pay on a first mortgage plus a home improvement loan.
• Tax benefits — Because the interest is usually tax-deductible, using your mortgage for improvements is a smart alternative to credit card financing or personal loans.*
• Timeliness — Start making improvements immediately after closing.