Do jumbo renovation loans exist?

Not really, but if you have enough equity - you may want to consider a Home Equity Line of Credit, which is basically like having a credit card on your home. You can only go up to 80% of the total value, and would need to take into consideration the amount you owe into that amount. The rates are usually lower, and the payments are flexible. Please feel free to call me at 713-569-0025 - Mary Papageorge NMLS #287880 - I'd be happy to discuss the options.

We do offer a jumbo one time close construction loan that many clients utilize for remodeling. We're here in Frisco and would be happy to visit with you. Kelly Decker, First United Bank Mortgage 214-908-6792