We offer Conventional and VA Renovation Loans. All improvements must be fixed to the property & add value. Eligible Properties: Detached/Attached Single Family residences & planned unit developments.
Conventional Reno Loan Details:
- Minimum Credit Score 680
- Owner Occupied and Second Home
- Up to 95% of the lower of the as completed appraised value or sum of purchase price plus rehab costs
- Initial draw at closing can be up to 50% of the cost of the repairs
- Bid must be from an approved contractor
VA Reno Loan Details:
- Minimum Credit Score 660
- Owner Occupied
- Purchase UP TO 100% Loan to Value
- Refinance UP TO 90% Loan to Value
- Bid must be an approved contractor with a valid VA builder ID number
Reach out for more information!
Program terms and conditions are subject to change at any time. Final approval is subject to credit review and eligibility. This is not a commitment to lend.