Wells Fargo renovation loans are over?

[Andrew Medici]

Hey Everyone, I was just informed by my Wells Fargo guy that they are no longer doing renovation loans (as of June apparently). Are there any other major lenders that still do that type of loan? And I don't mean like 203k stuff, just a loan that covers the acquisition of the property with the additional loan to finance renovations. I am going to have to find someone new in the next week or two.

[Chris Mason]

Originally posted by @Andrew Medici:

Hey Everyone, I was just informed by my Wells Fargo guy that they are no longer doing renovation loans (as of June apparently). Are there any other major lenders that still do that type of loan? And I don't mean like 203k stuff, just a loan that covers the acquisition of the property with the additional loan to finance renovations. I am going to have to find someone new in the next week or two.

 Most places that do 203k, will also do Fannie Mae HomeStyle, which is a renovation product that will go for non-owner occupied.