Ken Clark Jr.
NMLS #225375 · PRMG Sacramento · #ChampionsOfLoans
Serving Sacramento, CA and Surrounding Areas
Free Construction and Renovation Loan Consultation

Let’s explore your project financing options.

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Your consultation request is in. A licensed mortgage loan officer will review your answers and reach out by phone, text, or email, usually within one business day.

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Submitting this form requests a consultation only. It does not constitute a mortgage application, preapproval, credit approval, or commitment to lend.

Equal Housing Lender · NMLS #225375 · PRMG NMLS #75243
Construction and Renovation Loan Consultation

Building or renovating a home? Start with a free consultation.

Answer a few quick questions and a licensed mortgage loan officer will walk you through one-time close construction, FHA 203(k), and HomeStyle Renovation options. Free, no obligation.

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Prefer a personal conversation?

Call or text our team to arrange your complimentary mortgage consultation.

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What your consultation covers

  • 01

    One-Time Close Construction Loans

    How one closing can cover construction and your permanent mortgage, with FHA, VA, USDA, and conventional options for eligible borrowers building a primary residence.
  • 02

    FHA 203(k) Renovation Loans

    Finance eligible repairs and improvements with a purchase or refinance. Compare the Standard and Limited (formerly Streamline) options.
  • 03

    Fannie Mae HomeStyle Renovation

    A conventional renovation option for eligible improvement projects, on a purchase or a refinance.
  • 04

    Planning Your Project

    Builder and contractor requirements, plans and bids, inspections, draws, and what to do next.
Free consultation No obligation Your info is never sold

Who you will be working with

Ken Clark Jr.
Branch Manager | Certified Mortgage Advisor
NMLS #225375 · Paramount Residential Mortgage Group, Inc. (PRMG), Company NMLS #75243 · #ChampionsofLoans

Ken Clark Jr. is a licensed mortgage loan originator based at the PRMG branch in Sacramento, California, with more than 28 years of mortgage experience. His approach is education first: he explains one-time close construction, FHA 203(k), and HomeStyle Renovation options in plain language, then builds a financing plan around each client’s project, budget, and timeline. He serves borrowers in the Sacramento area and across California, and is also licensed in New Jersey. Verify his license at nmlsconsumeraccess.org.

Common construction and renovation loan questions

Short answers to what borrowers in Sacramento and across California ask most.

What is a one-time close construction loan?

A one-time close construction loan, also called a single-close loan, combines the financing for building the home and the permanent mortgage into one loan with one closing. With a two-close approach, a borrower takes a separate construction loan first and then a second loan when the home is finished. One-time close options may be available with FHA, VA, USDA, and conventional financing for eligible borrowers building a primary residence with an approved builder.

What is the difference between an FHA 203(k) loan and a HomeStyle Renovation loan?

Both let eligible borrowers finance a home and its repairs or improvements in a single mortgage. FHA 203(k) is insured by the Federal Housing Administration, is for primary residences, and includes FHA mortgage insurance. It comes in a Standard version for larger or structural projects and a Limited version, formerly called Streamline, for smaller non-structural work. HomeStyle Renovation is a conventional loan that follows Fannie Mae guidelines and may allow a wider range of improvement projects and property uses. Which one fits depends on your credit, the property, and the scope of work.

Can I use a renovation loan on a home I already own?

Yes, in many cases. FHA 203(k) and HomeStyle Renovation can each be used to purchase a home that needs work or to refinance a home you already own and include eligible improvement costs in the new loan. The amount available depends on the program, the appraised value of the home after improvements, and your qualifications.

Can I use a one-time close loan to build on land I already own?

Often, yes. If you already own the lot, its value or your equity in it may be considered as part of the transaction, depending on the loan program and how long you have owned it. If you do not own land yet, the lot purchase may be included in the loan. Program rules differ, so we review your situation during the consultation.

Do I need a builder or contractor before I request a consultation?

No. You can request a consultation at any stage, including before you have plans, a lot, or a contractor. Before a construction or renovation loan can close, the builder or contractor generally must be licensed, insured, and approved by the lender, and the project needs written plans, specifications, and a cost breakdown. We explain those requirements so you know what to gather.

Does requesting a consultation affect my credit?

No. Requesting a consultation and talking through your options does not involve a credit check. If you later decide to apply or get preapproved, your credit report is requested only with your authorization, and that inquiry may affect your credit score.

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