I am wanting to add an addition to my house and then refinance so everything is on one bill.

Pursuing an FHA 203(k) Home Renovation Loan appears to be a great option for you. Be advised that you will have to work with a HUD approved lender that can facilitate a full 203(k) since the improvements that you wish to complete are structural in nature. With that being said, you will be required to get 3 bids and work with a 203(k) Cost Consultant. Good luck and Happy Ground Hogs Day!

HiYou could do this with an FHA 203K loan which allows money for your purpose. Your credit scores are good enough and it sounds like the property will appraise without a problem. Plus interest rates are better than your currently paying! You can contact me at rbreedon@ccmclending.com or 317-585-6976 for more informationThanks

YES THE FHA REHAB LOAN 203K IS YOUR BEST BET, AND WOU SHOULD BE ABLE TO LOWER YOUR RATE BY OVER 2%..BEST OF LUCK

As every one has noted that the FHA 203K loan is probably the best bet for you.. with that you can roll in all the costs for the addtion, and lower your interest rate quite a bit as well.. WilliamAcres.com

FHA 203k, commonly called an FHA Re-hab loan is probably the ticket. This loan product allows a homeowner to make necessary or desired repairs/upgrades on their primary residence. You can buy with a 203k or you can do a 203k refinance. The benefits are great. The interest rate is just slightly higher (an 1/8th or 1/4% ) than a traditional FHA loan. Money for the improvements is included in the new loan. The down sides are that not all improvements are eligible and all work must be done by a licensed contractor. Look for a local Mortgage Banker, rather than one of the big banks. This is a specialty product and since most big bank employees are most likely order takers, you want a licensed Mortgage Originator that has experience in doing 203ks so your transaction goes smoothly. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com