This product is for purchasing primary residences.
This makes purchases,
- More affordable to Buyers, in neighborhoods they want to live in,
- Fixing, improving or adding space builds immediate equity,
- The lower acquisition cost ends up in lower mortgage payments making the deal affordable
- Buy Low priced properties and improve or Add Space
- Conventional Loan
- 620+ fico
- Loan is for Purchase and Improvements or Addition
- Primary 1 unit to 97%, 2 unit to 85%, 3-4 units to 75%
- Second Home 1 unit to 90%
We will extend a Loan and will provide the funds to Upgrade and/or add space.
- Streamline the process, closing occurs first, and then repairs are done after closing.
- Buy a home in a neighborhood that is not ordinarily affordable by purchasing a fixer-upper.
- Include all the upgrades, repairs, space addition cost in one loan.
- Purchase a primary residence home with up to 3% percent down payment based on purchase price and upgrade/add space cost
- Improvements can be room addition, carpeting, landscaping, plumbing, roofing or new kitchen bathrooms