Simplified financing for building new or renovating what you already own — borrowing against the future value of your home.
Paramount Loan Services specializes in construction and renovation loans that let you borrow against the future value of your home — not just its current appraised value.
We keep the process simplified with competitive rates and a streamlined path from application to closing. And yes — Spanish-language service is available for our clients who prefer to work in español.
Five real construction and renovation financing paths — pick the one that fits your project, or call us and we'll help you choose.
A single closing that combines your construction financing and permanent mortgage into one loan — it automatically converts to permanent financing once construction is complete, saving you a second closing and a second round of fees.
Combine the purchase or refinance of a home with the cost of renovating it into a single mortgage — one loan, one payment, one closing for both the property and the improvements.
Two tiers to fit the scope of your project: Limited 203(k) for smaller, DIY-friendly renovations up to $75,000, and Standard 203(k) for major structural repairs, available with as little as 3.5% down.
Short-term funding from private lenders with credit-flexible qualification — a strong fit for investors and builders who need speed and flexibility that conventional financing can't offer.
Access the equity you already have without losing your primary mortgage rate. See our HELOC & HELOAN page for the full breakdown of how these second-lien products work.
Tell us about your project and a Paramount loan expert will follow up promptly.
It is a single closing that combines the construction financing and the permanent mortgage into one loan. When construction finishes, it converts to permanent financing automatically. You avoid a second closing and a second round of fees. It is one of five construction and renovation paths we place.
Yes. A conventional renovation loan rolls the purchase or refinance and the cost of the work into a single mortgage — one loan, one payment, one closing. An FHA 203(k) does the same on government-backed terms, with a limited tier for smaller projects and a standard tier for major structural work.
It depends on whether you are building from the ground up, repairing a home you already own, or buying one that needs work. We place five construction and renovation paths, and the right one turns on your timeline, your equity and how much of the work is structural.
Not sure which one applies? Call (818) 500-4009, 9:00 AM to 5:00 PM, Monday through Friday, read the HELOC and HELOAN breakdown, or contact the Glendale office. Builders who also need machinery on the job can look at our equipment financing page. Spanish-language service is available on our página en español.
Call us at (818) 500-4009, apply online, or book a free consultation to talk through your construction or renovation project.