Fix up your fixer upper with a Renovation Loan. If you have found the perfect home but it needs renovation, you can purchase it and roll the costs of the renovation into your loan.
An FHA 203(k), VA or USDA Renovation Loan allow buyers to finance the purchase price and renovation cost into one mortgage with a low rate. Renovation loans have similar qualification requirements as a standard FHA, VA or USDA loan, with additional documentation needed related to the renovation.
Have questions? Want to explore your options? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.