Construction Loans

New Jersey construction loans, are one of SunQuest’s specialties. You can use construction loans for partial home renovations, complete home renovations and home additions. Our depth of experience enables us to guide you through the entire process with skill, speed and confidence. Our staff has over 30 years of hands-on construction and construction loan experience that you can can benefit from. We’ll make your home construction experience less stressful… and help you turn your dream into a dream-house.

We also provide Commercial Construction Loan Brokerage services to fund small-to-mid sized commercial construction projects ($1MM – $10MM) in New Jersey. Call us at 908-224-0006 to discuss your commercial funding requirements.

Home Improvement And Renovation Loans

  • Kitchen Revonation - Before
  • Kitchen Revonation - After
  • Living Room Renovation - Before
  • Living Room Renovation - After
Your neighborhood is perfect for you and you want to stay for so many reasons… but you need more living space with a more modern design… Or maybe you’ve found the perfect home in the perfect neighborhood… but it needs some love and attention and you’re ready for the challenge.
FHA 203K

An FHA 203k loan, in New Jersey, may be the perfect loan for you; it’s a home improvement loan available through the FHA. The 203k loan allows a borrower to take a 30 year fixed NJ mortgage and improve their current residence, or renovate a home to purchase. With a 203k loan, you can finance up to 110% of the After-Improved Value.




Improvements Allowable Through The FHA 203k Program Include:

  • Room Additions
  • New Bathrooms
  • New Kitchens
  • New Windows
  • New Roofing and Siding
  • New Furnace or Central Air Conditioning

HomeStyle Renovation (Fannie Mae Program)

HomeStyle Renovation mortgage (HSR), a Fannie Mae Program, permits borrowers to include financing for home improvements in a purchaser re-finance transaction of an existing home. It’s a convenient way for borrowers to make renovations, repairs, or improvements totaling up to 50 percent of the as-completed appraised value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly financing method. Eligible borrowers include individual home buyers, investors, nonprofit organizations, and local government agencies.


Benefits To Borrowers Include:

  • Cost-effective way to renovate or improve a home
  • Single mortgage means lower closing costs and typically a lower interest rate on a first mortgage
  • Borrowers can qualify for CLTV of up to 105% with eligible Community Seconds® subordinate financing
  • Loan amount based on “as-completed” value of the home or the cost basis (purchase money loans), whichever is less

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