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!
