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At Mountain Financial Mortgage we are committed to helping our customers achieve their financial goals. Our Loan Originators take the time to understand each client's unique financial situation in order to provide the lending solutions that best meet their individual needs. 

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Fixer Upper Loan - Create the Home of your Dreams

Renovation Loan Program

Buy a Fixer Upper and make it your Dream Home

or upgrade your current home instead of moving

This loan program is available on purchase and refinance loans; finance the cost of the home and the cost to remodel into one loan. Just imagine, you can now buy that fixer-upper or distressed property and completely remodel it before you even move in. Repairs from as little as $5,000 to complete renovations, you can add new appliances, remodel your kitchen or bathroom, add a deck, new windows and doors, fix structural problems, replace the well or septic, even add solar; with this program your options are unlimited.

  • Finance the home and the cost to remodel into one loan

  • One-time close, no separate construction loan is needed

  • Construction phase up to 6 months

  • Payments during construction can be rolled into the loan if house is not able to be occupied

  • Down payments as low as 3.5% of total cost, purchase price and improvements!

  • Appraisal based on finished value

  • Owner Occupied, Second Home and Investment Properties allowed

  • First-time home buyers – you can make your first home your perfect home

  • Credit scores to 580 – 600 score is needed for maximum financing

This loan program makes finding a new home so much easier. You no longer need to settle for less than you want; instead you can now shop the perfect location and find that home that you can turn into the home of your dreams.

The steps to approval and the start of construction are easy.

Loan Application-This is the initial step in getting pre-qualified. The loan application will be completed, your credit report will be pulled and your loan will be electronically underwritten to determine the loan amount that you qualify for and a pre-qualification letter will be issued.

Find a Home-This is the fun part, find a home that needs repairs, a fixer upper or even a distressed property that is in a great location and make it your dream home or remodel your current home instead of moving.

Home Inspection-The home inspection is ordered through a HUD Approved Home Inspector. The inspector will make a list of any property repair requirements.

Contractor-Meet with your contractor to get bids on the work from the HUD inspectors list of requirements, and from the list of improvements that you want to have done.

Appraisal-The appraisal is ordered based on the finished value of the property.

Underwriting-The loan documents and appraisal will now be submitted to the underwriter for final loan approval.

Closing-The loan closes and construction can begin. Funds are disbursed as the work is completed and inspected by the HUD Inspector. When the work is done, the final inspection will be ordered and the balance of funds will be disbursed.

Here are just a few of the improvements that can be made:

Remodel Kitchen or Bathroom

New Appliances

Hardwood Floors


Thermal Windows and doors

Exterior siding


Wall removal

Roof and gutters

Septic or well replacement

Solar panels

Wood stove or Pellet Stove



Finish basement

Call Teresa Kahler to learn more 303-838-7300

Teresa Kahler Mortgage Loan Originator

Office 303-838-7300

Cell 720-663-8522

NMLS License #229392

Mountain Financial Mortgage Group, Inc. 25587 Conifer Rd, #105-112, Conifer, CO 80433 NMLS 321427