FHA Rehab Loan

The Right Tool for Fixer-uppers

If you have found the perfect home, but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.

An FHA 203(k) Loan, also called a renovation loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.

The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.

Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.

How to Get Started

You may be able to purchase a home and roll the costs of the renovation into your loan. Fix up your fixer-upper home with a rehab loan!

Get Started Online

Still have questions? Give us a call! One of our mortgage specialists would be happy to answer all your questions.

Evon Bent
Evon Bent Mortgage Banker NMLS ID: 2115718 651-206-6666 Email Evon About Evon

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=633c978c-f6e2-4734-9b28-11dd31c15d05
Alex Brost
Alex Brost Mortgage Banker NMLS ID: 2441549 612-298-6148 Email Alex About Alex

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=5480bb7e-8db6-4408-a236-176192da5f2e
Laneachia  Burton
Laneachia Burton Mortgage Lending Asst. & Loan Processor NMLS ID: 1738144 612-685-8781 Email Laneachia About Laneachia

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=1c05a519-0c91-4f75-a23b-705b71eb98e1
Michelle  Davis
Michelle Davis Mortgage Banker NMLS ID: 2145051 651-955-3472 Email Michelle About Michelle

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=31e56a8e-e93b-4e5c-b881-f3cff1b09fc2
Gloria Gleason
Gloria Gleason Director of Operations NMLS ID: 2192218 612-214-2541 Email Gloria About Gloria

I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs.


Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.


https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=df8c2eb6-ccd1-4357-99c4-55ee0a1f0776
Jamie Hemberger
Jamie Hemberger Mortgage Banker NMLS ID: 289979 612-281-9633 Email Jamie About Jamie

Jamie began his mortgage career in 2000, after earning a degree in Economics from NDSU — which set him up for success in the industry. He found his passion helping people navigate through the mortgage process and enjoys providing people with information and advice to find the best loan for their situation. Jamie enjoys running his two boys to their various sporting, scouting, and church events along with his wife of 18 years. He also serves as a volunteer with the local Boy Scout Troop. In his spare time, Jamie likes to take his family camping, hiking, biking, and boating in the great outdoors.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=eb031764-7e0f-4198-a46c-9c687a93eca2
Kristy Jerzak
Kristy Jerzak Client Care Associate 320-857-2521 Email Kristy https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=7792260e-922c-4e41-aa95-16644944e8aa
Tom Meckey
Tom Meckey SVP of Growth NMLS ID: 1915268 612-327-8303 Email Tom About Tom

Tom Meckey is a 20 year veteran of the Real Estate Industry specializing in residential home sales, corporate relocation, and new construction. Prior to entering the real estate industry, Tom worked in IT and Software Sales. He has a degree in Information Science from the University of Pittsburgh. Tom lives in the Lynnhurst Neighborhood of Southwest Minneapolis with his wife and two kids. Tom serves as Board Member at the Southwest Minneapolis Business Association. He is a youth basketball coach with the Minneapolis Lakers and Washburn High School in Minneapolis. He also volunteers his time as an adult leader with the confirmation program at Bethlehem Lutheran Church.


Tom leads Grove Bank Mortgage’s Partner Agent program, working with some of the best real estate agents in the business, delivering an unparalleled borrower experience by navigating the complex world of the real estate transaction. Because of his deep knowledge and understanding of the life of a real estate agent, his insights enable Grove Bank Mortgage to better serve agents, enabling them to better serve their clients.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e6dde3e1-b06d-42f7-b08a-c732bd2000a1
Jason  Roaldson
Jason Roaldson Branch Sales Manager NMLS ID: 308253 612-310-3113 Email Jason About Jason

Jason is a 20 year veteran in the financing industry and has worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. He believes that trust is the most important ingredient in the relationship between client and he, which is why he focuses on transparency with clients so they understand from where all of the numbers in their transactions are derived. When trust is high, stress is low, and purchases close on time.


Jason holds himself accountable in all that he does. He is committed to serving you, committed to excellence, and committed to your 100% satisfaction.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e1260ef3-679a-4b2f-80db-7a547e7c5322
Bill Thompson
Bill Thompson Sr. Mortgage Banker NMLS ID: 384815 612-414-3739 Email Bill About Bill

For more than 20-years, Bill Thompson has been a mortgage loan officer who applies a customer centric relationship based approach to lending. He is a forward thinking problem solver that develops mortgage strategies which allow people to build more wealth in their lives. This is backed by him being a Certified Financial Coach since 2008. A former varsity baseball player at the University of Minnesota, Bill is a life-long Gopher. He’s been married for 23-years and has two daughters. He spends his down time with his family, listening to music, or cheering for the Gophers… Ski-U-Mah!

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=296ba963-5644-4a50-9e57-3472d5822a7c
Brian Wellman
Brian Wellman Mortgage Banker NMLS ID: 228856 612-791-6380 Email Brian About Brian

Brian is a 30-year veteran in the real estate industry. Since 2009, he has worked as a mortgage professional. He is committed to unsurpassed customer service. To begin the process, he likes to ask questions and be inquisitive. Only then can he get a good sense of his customer's needs, wants and desires. He also firmly believes it's important to have a conversation with every customer about payment comfort and how the new housing payment fits in their present and future financial plans.


When assisting a customer with their home's financing, he’s not only working with one of their largest personal financial investments but also handling one of their biggest dreams. Since he works with matters so close to his customer's hearts, he serves them from his with honesty and integrity.


Married in 1991, Brian and his wife have two adult children. When not at his TH in Victoria, Brian can be found at his lake home on Lake Vermilion.

https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e0701c80-da1c-494e-985c-e621e6046501

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