Loan Programs

A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required. Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.

FHA (Federal Housing Administration) loans are government-backed mortgage loans designed to make homeownership more accessible for low to moderate-income individuals and those with less-than-perfect credit. They offer benefits such as low down payments, competitive interest rates, and flexible qualification criteria, including lower credit score requirements. FHA loans are popular among first-time homebuyers and serve as a viable option for individuals who may not qualify for conventional mortgages.

What Are 203k and Conventional Renovation Loans?

At Olive Tree Loans, we offer powerful renovation loan solutions—like FHA 203k and Conventional Renovation Loans—that combine your mortgage and home improvement costs into one seamless loan. This type of financing empowers you to purchase a property that may need repairs or updates, often at a lower cost than buying a move-in ready home.

Even better, by renovating and increasing the home’s value, you can build equity faster—making it a smart financial strategy for both first-time buyers and seasoned investors.

Our Role in Your Renovation Project
At Olive Tree Loans, we guide you through every phase of your renovation financing:

Before Closing: We work closely with you and your contractor to establish a realistic construction budget.

After Closing: Our experienced inspectors review progress and manage disbursements as work is completed.

Our knowledgeable administrative staff specializes in renovation loans and is committed to fast, accurate processing—so your project stays on track.

Why Choose Olive Tree Loans for Renovation Financing?
With over 4,000 renovation loans completed and 600+ processed each year, we’re proud to be one of the most trusted names in renovation lending. 

 Additional Services to Support Your Renovation Journey
✅ Free Feasibility Studies
Not sure how much your renovation will cost? We provide complimentary feasibility studies to help you determine upgrade costs quickly and accurately. This essential tool bridges the gap between vision and budget—making renovation loans possible.

👉 Contact us to request your free feasibility study.

✅ Lender Referrals
Need help finding the right lender for your renovation loan? We maintain strong partnerships with experienced renovation lenders who understand how to get these loans closed—on time, without hassle.

👉 Contact us for lender referrals.

✅ Contractor Referrals
While we encourage you to choose your own contractor, we maintain a verified database of contractors. If needed, we’re happy to assist in helping you find the right fit.

👉 Contact us for contractor referrals.

Important Questions to Ask Before Hiring a Contractor
To avoid delays and ensure project success, ask these key questions:

🔹 Is the Contractor Financially Qualified?
Look for:

Adequate working capital

Long-term vendor and subcontractor relationships

A reliable history of on-time, on-budget completion

Complete, accurate bids

Timely communication

🔹 Will the Project Finish On Time?
Negotiate a committed start and completion date. A qualified contractor will have materials ready, a full crew on-site daily, and a clear plan.

🔹 Will It Stay Within Budget?
We collaborate with you to help ensure the project stays within the agreed renovation budget.

🔹 Does the Quality Meet Expectations?
Visit at least three of the contractor’s completed projects. Word-of-mouth referrals from friends, family, or local suppliers often lead to the best matches.

203k & HomeStyle Loan Process with Olive Tree Loans
Initial Walkthrough: Your consultant will spend ~1.5 hours reviewing the property, your proposed renovations, and walking you through the entire process.

Draft Scope of Work: You’ll receive a preliminary repair estimate with itemized pricing.

Contractor Bid Form: If you don’t have a contractor yet, we’ll provide a bid-ready form for gathering estimates.

Final Construction Documents: Once pricing and scope are confirmed, we generate the final documents needed to order the appraisal and move toward closing.

Start your renovation journey with confidence.
 Let Olive Tree Loans help you turn a fixer-upper into your dream home—affordably, efficiently, and with expert support every step of the way.

👉 Contact us now to get started.

VA (Veterans Affairs) loans are mortgage loans specifically designed to assist eligible U.S. veterans, active-duty service members, and certain members of the National Guard and Reserves in achieving homeownership. These loans are backed by the U.S. Department of Veterans Affairs, offering numerous advantages, including no down payment requirement, competitive interest rates, and relaxed credit score standards, making them an attractive option for those who have served in the military. VA loans also often feature lower closing costs, making homeownership more accessible to veterans and their families.

USDA (United States Department of Agriculture) loans are government-backed mortgage loans that primarily aim to promote homeownership in rural and suburban areas. These loans offer benefits such as zero down payment requirements, competitive interest rates, and more flexible credit criteria, making them an affordable option for low to moderate-income individuals and families in eligible locations. USDA loans are often referred to as Rural Development loans and provide a pathway to homeownership for those who meet the program's income and location requirements.

Jumbo loans are a type of mortgage loan designed for purchasing high-value homes that exceed the conventional loan limits set by government-sponsored entities like Fannie Mae and Freddie Mac. They offer the flexibility to finance luxury properties, with competitive interest rates and terms, catering to borrowers with strong credit histories and substantial down payments. Jumbo loans typically require larger down payments and stricter credit qualifications, making them suitable for affluent homebuyers and investors seeking high-end real estate.

DSCR (Debt Service Coverage Ratio) loans are specialized financing options primarily used in commercial real estate and investment properties. These loans focus on the property's ability to generate sufficient income to cover its debt payments, rather than relying solely on the borrower's personal income. DSCR loans provide real estate investors with a flexible and tailored financing solution that assesses the property's cash flow, making them particularly valuable for income-producing properties and projects.

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly income while remaining in their homes. Contact us for more details.

Construction loans are short-term loans designed to fund the construction or renovation of residential or commercial properties. They provide borrowers with access to funds in stages as the project progresses, reducing the financial burden during construction. Once the construction is complete, these loans are typically converted into traditional mortgages, allowing borrowers to make principal and interest payments on the property.

Non-QM (Non-Qualified Mortgage) loans are mortgage products that do not conform to the strict guidelines set by government-sponsored entities like Fannie Mae and Freddie Mac. These loans are typically designed for borrowers who may not meet traditional lending criteria, such as those with non-traditional income sources or credit issues. Non-QM loans offer flexibility in underwriting, making homeownership accessible to a broader range of individuals and providing options beyond standard conventional mortgages.

Home Refinance Loans, also known as refinancing, involve replacing an existing mortgage with a new one, typically with different terms or interest rates. Borrowers often pursue refinancing to lower their monthly mortgage payments, reduce their interest rates, or access their home's equity for other financial needs. Refinance options include rate-and-term refinances, which aim to secure better loan terms, and cash-out refinances, allowing homeowners to borrow against their home's equity. The process usually involves a credit check, home appraisal, and evaluation of the borrower's financial situation to determine eligibility and the potential benefits of refinancing.

In some cases a refinance loan might result in higher finance charges over the life of the loan.

Foreign national loans are mortgage loans specifically tailored for individuals who are not U.S. citizens or permanent residents but wish to purchase property in the United States. These loans are designed to provide access to U.S. real estate markets, offering financial options for foreign investors, expatriates, or individuals seeking vacation homes. Lenders typically require a higher down payment and may have more stringent credit and income verification requirements for foreign national borrowers. Foreign national loans can be an excellent way for non-U.S. residents to invest in U.S. real estate and diversify their portfolios.

Commercial loans are financial products designed to support businesses in various ways, including financing property acquisitions, expansion, or working capital needs. They typically offer more significant loan amounts and longer repayment terms compared to personal loans. Commercial loans can take several forms, such as real estate loans, equipment financing, or lines of credit, each tailored to the specific financial requirements and goals of the business.