Purchase and renovate a home all with the same loan.
Simply put, buy a home and remodel it with the same loan. Purchase and renovation loans require three professionals to make sure you navigate this product and close properly: a solid HUD consultant, a great contractor and a loan officer with a company that knows how to close this product.
Purchase and Renovate Loan Features & Benefits
- Maximum loan amount is subject to county loan limits
- 3.5% down payment
- Lower credit scores accepted
- Minimum Reserves
- Upfront and monthly Mortgage Insurance premiums
- 100% of the down payment can come from a gift
Please see FHA Loans for more additional information.