I'd Like to..

Whether you're buying a HIP home,or renovating your current home, a HIP loan allows you to fund improvements such as:

Kitchen repairs or remodeling; New appliances

Bathroom and plumbing repairs or remodeling

New flooring

Interior or exterior painting

Exterior updates (roof, gutters, siding, doors, windows); Heating and Air (HVAC); Electrical; Energy efficiency improvements

What is HIP?

The Stonegate Home Improvement Program (HIP) significantly improves upon the HUD Section 203(k) program by making it easy and affordable to finance your existing or future home AND eligible home improvement costs in a single mortgage.

Turn a house into your dream home with one simple loan.

That perfect home is out there, waiting for you to make it your own. Maybe it just needs new carpet and a coat of paint? Maybe it needs updating with a kitchen remodel and new appliances, or an updated master bath? Even more extensive home renovation projects like HVAC, plumbing, and even energy efficiency improvements can all be accomplished with one HIP loan to turn a house with “potential” into the home of your dreams.

Create instant home equity with professional, reliable contractors.

Stonegate Mortgage has partnered with The Home Depot and Lowe’s home improvement stores to provide professional, reliable contractor services to ensure your home renovations and improvements are done right the first time with the quality you expect.

Get help every step of the way with a certified HIP Consultant!

A certified Stonegate HIP Consultant will partner with you to:

  • Determine the amount of your loan for the home improvements you want
  • Combine the purchase price and costs of improvements into one simple loan
  • Close your loan in less than 30 days
  • Choose from a variety of home improvement packages and options
  • Coordinate with Stonegate’s expert home improvement team for a fast, worry-free experience!
For more information, call
1-888-570-0450
or email
hip@stonegatemtg.com

HIP Program Guidelines:

  • Minimum Loan Amount: $50,000 (including improvements)
  • Maximum Loan Amount: $271,250 (including improvements) or FHA maximum (varies by county)
  • Loan Types: 15yr or 30yr fixed rate Purchase or Refinance loans (not an equity loan)
  • House must currently be (or soon be) owner occupied
  • House must be at least 1 year old
  • Home improvement costs must be completed by approved contractors or through The Home Depot or Lowe’s home improvement retailers.