Home For Sale As-Is? No Problem, We Have A Renovation Loan Solution

By Movement Mortgage |

Did you find a home that needs to be brought up to current county building codes and could use a few improvements?  We can help finance the repairs and close your new home in its current as-is condition as the home will be appraised based on future repairs. That’s right, close as-is with no repairs needed before closing day.

Renovation Highlights:

  • $5k minimum repairs to 75% of after improved value
  • Owner occupied, second Home + Investment property
  • The property will be appraised based on future repairs, not the current condition
  • Purchase or Refinance
  • 1-4 units and condo’s
  • 620 credit score

Down Payment Requirements: 

  • 0% VA
  • 3.5% FHA
  • 3% Conventional, Owner occupied
  • 10% Conventional, Second home
  • 15% Conventional, Investment

Next Steps: 

  • License for your General Contractor
  • Insurance Certificate from your General Contractor
  • Rehab validation completed by your General Contractor
  • Order Appraisal
  • Underwrite
  • Close!