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Purchase + ImprovementsRETURN PRODUCTS

renovatingBuying a fix-er-upper?

We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them.

All this can be done with one manageable mortgage and as little as 5% down

Click here to get the Stats

With a large portion of homebuyers purchasing older homes, a Purchase Plus  Improvements Mortgage allows potential homebuyers to get a mortgage that includes both the purchase price of the home plus upgrades the new homeowner would like to do to increase the values of the property. For example, renovating the kitchen, adding space, remodeling or finishing a basement would all be considered improvements and can be consolidated into the new mortgage without having to get separate financing.

To qualify for this mortgage you need to find a home, get written quotes from licensed contractors or stores that provide products and home renovation services to be included in the mortgage application.  Appliances do not fall in this category.

When the mortgage is advanced the lender holds the allocated funds for home improvement and advances the money for the renovations once the work is complete and inspected
Homebuyers can borrow to a maximum of 95% of the purchase price of the home plus an additional 95% of the costs of the upgrades

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