Turn plans into a finished home with financing that covers improvements or a ground up build. Mike Wright explains after improved value, draws, inspections, and contractor requirements, then keeps your file moving from approval to completion. Office at 2130 Main St, Suite 250, Huntington Beach. Serving California as the main location. Licensed in AZ, CA, FL, ID, TN, and WY.
A renovation loan can combine the cost of the home and the planned improvements into a single mortgage. This approach simplifies the process, limits extra closings, and gives you one payment. Mike Wright reviews your scope, confirms eligible work, and aligns timelines with lender rules so you can buy, renovate, and move in with a clear plan and steady updates.
Many renovation programs use an appraisal that considers planned upgrades to estimate after improved value. This can increase available funds and make larger projects possible. Mike Wright coordinates bids, plans, and the appraisal package, then reviews results with you. Clear numbers for value, budget, and contingency help keep expectations aligned and support confident decisions before work begins.
Construction to permanent financing can cover land, building costs, and conversion to a long term mortgage with one closing. This reduces duplicate fees and paperwork. Mike Wright explains rate lock choices, interest during construction, and the steps for conversion. You get a schedule that outlines draws, inspections, and milestones so the transition to permanent financing is smooth and predictable.
Successful projects rely on orderly draws and qualified contractors. Lenders review licenses, insurance, and experience, then release funds after inspections. Mike Wright helps organize contractor packages, creates a realistic draw schedule, and coordinates with the builder and title so funds arrive on time. This structure keeps work moving and protects both budget and quality throughout the project.
If you already own the property, a renovation refinance can fund significant repairs or upgrades with terms that fit your plan. Mike Wright compares cash out, renovation programs, and home equity options, then models payment and total cost. You will see how each path affects monthly budget, timeline, and long term savings so you can choose the best route for your project.
Permits, inspections, and weather can affect timing and budget. A thoughtful plan includes allowances and contingency. Mike Wright sets expectations early, confirms permit needs with your builder, and keeps communication clear with the lender and title. With defined milestones and regular updates, you maintain momentum from bid selection to final inspection and move in.
You get a guide who understands construction files, contractor review, and draw management. Based in Huntington Beach and serving California as the main location, Mike Wright coordinates appraisals, inspections, and timelines with all parties. Licensed in AZ, CA, FL, ID, TN, and WY, he aligns financing with your plans so your renovation or build finishes on time and on budget.
Start here to learn how after improved value is calculated, how draws and inspections work, and which documents support approval. See what lenders expect from contractors, how rate locks and conversion steps are handled, and how timelines affect costs. Mike Wright provides guidance from pre approval to completion so your project stays organized and on plan.
It is a mortgage that finances the purchase or refinance of a home along with planned improvements. The lender reviews bids and plans, then approves funds that are released in stages as work is completed. This structure lets you upgrade the property with one loan and a clear schedule for draws and inspections.
This program funds the build and then converts to a long term mortgage after completion. You typically close once, pay interest on funds as they are drawn during construction, and then move into permanent terms at the end. Mike Wright explains lock choices, conversion steps, and timing so the process stays organized.
Appraisers consider the home as completed according to approved plans and bids, then estimate value. Lenders use that figure to set loan amounts within program limits. Mike Wright coordinates the appraisal package and reviews results with you so budget, value, and contingency line up before construction begins.
Eligibility depends on credit, income, assets, scope, and contractor qualifications. Programs also set limits on property type and loan size. Mike Wright reviews your profile, confirms program fit, and prepares a clean file with clear bids and timelines so underwriting has what it needs to approve the plan.
Expect detailed contractor bids, licenses and insurance, plans or architectural drawings when needed, and a timeline with a draw schedule. Standard income and asset documents apply as well. Mike Wright builds a checklist, reviews for completeness, and coordinates with your contractor so submissions meet lender standards.
Funds are released in stages after inspections confirm progress. The lender or a third party verifies completed work before each draw. Mike Wright aligns the draw calendar with the builder and title, then keeps everyone updated so materials and labor stay on schedule without unnecessary delays.
Timelines vary by scope, permits, and market conditions. A prepared file moves faster. Mike Wright sets expectations, outlines milestones, and monitors progress from appraisal to final inspection. With clear communication and a realistic schedule, you maintain momentum and protect your closing date for permanent financing or final completion.
You receive lender choice, careful planning, and steady communication. Mike Wright coordinates bids, appraisals, inspections, and draws, then manages documents and dates so your project stays on track. With local insight in Huntington Beach and service across California, you get a calm path from approval to completion.
