New Construction Loans, Home Renovations, Renovate your Home

Purchase Plus Improvements

Financing Choice for Home Improvements and New Construction!

Purchase Plus Improvements is for buyer’s who are going to purchase a property that needs renovations. They can continue to live in the area of preference and enjoy the luxury of an updated home.

Qualified buyers can make their new home just right for them by renovating and making improvements immediately after taking possession of the purchased property with one manageable mortgage with as little as 5% down. The downpayment is 5% plus the cost of renovation. The cost of renovation is added to the mortgage and the funds are disbursed when renovations are complete. If improvements exceed 20% of initial purchase price or $40,000, detail of proposed renovations including Cost estimates and contracts are required for purchase plus improvement mortgage approval.

What is the process?

  • Find a Property

    Know what renovations are required and how much it will cost.

  • Lenders approval based on As Is

    Provide firm quotes for the work to be done.

  • Lenders Revised approval

    Revised approval with inclusion of the cost of renovations.

  • Close the Transaction

    Take the possession of the home and start renovations.

  • Complete Renovations

    Bank ensures its completion and releases renovation funds.

Know your options and ask mortgage professional to help you get Purchase Plus Improvements. Call today!

Financing Choice for Home Improvements and New Construction!

Contact our Mortgage Professional today

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Purchase Plus Improvements

Consultation

We welcome you to make an appointment with our Mortgage Brokers. Free Consultation.

Call

Call a Mortgage Broker at 1.855.5.FINSER (346737).