NMLS #2498240

Reno Boost

Renovate or increase the property’s living space
This loan is designed for investors who purchase properties to enhance or add square feet to improve market reselling value.
  • Maximum LTV is based on after-repaired value.
  • There are no income requirements.
  • No credit history requirements for properties in Texas.
  • Interest-only payments during the renovation period.
  • Can refinance once construction is complete.

This short-term balloon note provides financing for the up-front cost of purchasing a non-occupied property and the construction costs. The loan remains in effect during the renovation period, allowing the investor to pay it off with proceeds from the sale of the property after improvements are complete.


  • The borrower can be an individual or a legal business entity.
  • Valid EIN, SSN, ITIN.
  • Individual Borrower Guarantors must have SSN or ITIN.
  • Minimum 640 FICO (non-TX Properties).
  • Cash to close, six months payment, and 20% of construction costs as reserves.
  • Verifiable property value (after improvement).
  • The maximum loan-to-value is 70% of the after-repaired value.
  • Product available to increase the square footage of the property

Loan Disclaimer

Not all applicants will qualify. Please meet with one of our licensed loan officers for more information. Rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Home loan programs are only available in Texas.

Loans are subject to borrower qualifications including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to program guidelines and Sociable Mortgage’s lending policies and are subject to change without notice.

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Our Signature Process

Let our expert team handle the complex mortgage process as you envision your dream home. We provide an efficient and enjoyable experience, allowing you to create a lasting home for yourself and your loved ones. Let’s work together to bring your dream to life.