TOOLBOX MORTGAGE
Hallmark's exclusive Toolbox Mortgage allows you to make large or small upgrades to a house to turn it into your perfect home.
Get the money to make improvements to your current home and refinance all in one loan.
Improvements to your existing home are now within reach. Whether you have been dreaming of smaller projects like new flooring throughout the entire house, or new siding with upgraded exterior doors, or larger projects like adding on a master suite or upgrading the kitchen – we have you covered.
Talk to your Mortgage Loan Originator and get pre-approved.
Get a bid from a general contractor to find out how much the upgrades are going to cost.
Contractors must be registered by Hallmark Home Mortgage.
Work with your Mortgage Loan Originator and receive financing approval.
You will meet and sign paperwork to begin the process. Hallmark will then pay off your existing mortgage, and construction can begin.
For large projects the contractor will request money draws at the completion of major milestones in the project. The amount of draws requested will vary based on the size of the project. Hallmark will send out appraisers to the job site to make sure the stage is completed. Hallmark has your back and will also get your approval before any money is released.
Your project is now complete. You will have a closing to sign final loan paperwork. It is now time to enjoy your new improved home that now has the changes you have been dreaming about.
Found a house in the perfect location, but it could use a little work? We have you covered! Our Toolbox Mortgage allows you to purchase your home and make renovations before you move in!
Talk to your Mortgage Loan Originator and get pre-approved.
Time to get with your Realtor and begin house hunting.
Get a bid from a general contractor to find out how much the upgrades are going to cost.
Contractors must be registered by Hallmark Home Mortgage.
Work with your Mortgage Loan Originator and receive financing approval.
Hallmark will send an appraiser to determine the home’s value. The value will be based on the house with the improvements completed.
You will meet and sign paperwork to begin the process. Your home is purchased and the seller is paid their money, and construction can begin.
For large projects the contractor will request money draws at the completion of major milestones in the project. The amount of draws requested will vary based on the size of the project. Hallmark will send appraisers to the job site to make sure the stage is completed. Hallmark has your back and will also get your approval before any money is released.
Your project is now complete, you will have a closing to sign final loan paperwork. It is now time move into your updated home.
Hallmark Home Mortgage is your partner in renovation. Our exclusive Toolbox Mortgage is the solution for properties in need of remodeling updates.
90-180
day term
5%
contingency reserve recommended
95%
loan-to-value primary homes
COMPLAINT AND LICENSING INFO
Corporate NMLS:53441 | NMLS Consumer Access
Security & Privacy | Disclosures and Licenses
Hallmark Home Mortgage, LLC (NMLS # 53441) is an Equal Housing Lender. Hallmark Home Mortgage is not endorsed by any government agency. Reviews and comments have been submitted by customers voluntarily, are solely the views of such customers, and have been screened by Hallmark Mortgage LLC prior to publication in accordance with our guidelines. Customers were not compensated for their reviews/comments but were informed that the submittals may be used in Hallmark Mortgage LLC advertising. Hallmark Home Mortgage, LLC (NMLS # 53441) is not licensed to originate in all states. All rights reserved. NOTICE: All loans are subject to credit, underwriting, and property approval guidelines. Offered loan products may vary by state. There is no guarantee that all borrowers will qualify. This is not a commitment to lend nor an offer to enter into a rate lock agreement. Terms, conditions and programs are subject to change without notice. Certain limitations apply. Contact us for additional details. Not all offices are licensed in all states. Visit: https://www.hallmarkhomemortgage.com/disclosures for complete licensing information. Through UnitedHealthcare, UMR and HealthSCOPE Benefits creates and publishes the Machine-Readable Files on behalf of Hallmark Home Mortgage. To link to the Machine-Readable Files, please click on the URL provided: https://transparency-in-coverage.uhc.com
