Originally designed to finance renovations and renew neighborhoods, a down payment for this program can be as low as 3.5%. Approved borrowers can apply for up to $35,000 to repair, improve, or upgrade their home.
If you’re negotiating on a home and the seller refuses to repair certain home items, this loan is a great option to get your home move in ready. Bonus – this loan limits your closing costs because it’s the one loan that can help with the renovation process.
Click here to find a Loan Officer near you to see if the home renovation loan is the right fit for you.