Rehabilitation / Renovation / Home Improvement Loan

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The Rehabilitation/Home Improvement loan has many uses.  It can be used to purchase and rehab, improve or cover the cost of point of sale repairs on a property. The loan can cover the cost to purchase the property as well as the cost of the repairs.  

    The as completed value is used for financing so improvements are not limited to the properties current value.  You might be able to finance up to 6 months mortgage payments so you can afford to live outside the home while the work is being done.  Complete escrow management service for repairs including draw administration is included.

    Low down payment options available for 1-4 family properties.  Call for details

  [Eligible Improvements]

• Structural Repairs and Alterations
• Improvements in Functionality or Modernization
• Replacement of Plumbing, Heat, Air Conditioning  or Electrical
• Installation of Well or Septic
• Replacement of Flooring, carpet or tile
• Energy Conservation Improvements
• Major Landscape Work or Site Improvements
• Accessibility to Handicapped
• New Stove, Refrigerator and other free standing Appliances
• Paint or Cosmetic Repair