Luminate Bank Interim Renovation Loan eligibility — primary, second home, and investment property. Credit 700 conforming, 720 above conforming limits.
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Renovation Loans
Luminate Bank Interim Renovation Loan
Who Is Eligible for an Interim Construction Loan?
The program is available for qualified borrowers purchasing or refinancing a primary residence, second home, or investment property. Minimum credit score requirements are generally 700 for conforming loan amounts and 720 for loan amounts above conforming limits.
The Luminate Bank Interim Renovation Loan serves owner-occupants and investors alike. Whether you are buying a fixer-upper for your primary home, renovating a vacation property, or financing a fix-and-flip on an investment property, the program is designed for borrowers who need short-term construction financing with a clear exit plan.
Eligible transactions include purchase, rate/term refinance, renovation, and fix-and-flip on investment property. Property types range from single-family and modular homes to manufactured homes (primary and second homes) and eligible 2–4 unit investment properties.
Ryan and Steve review your credit profile, occupancy, loan amount tier, and permanent financing qualification before recommending an interim construction loan.
700
Conforming loan amounts
Minimum credit score for loan amounts up to conforming loan limits.
720
Above conforming limits
Minimum credit score for loan amounts above conforming loan limits — up to $1.5 million first lien.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will review your credit, occupancy, and loan amount against Luminate Bank Interim Renovation Loan guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.