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New VA Renovation Program

How Can You Benefit From a VA Renovation Loan

 

before-and-after-renovation

 

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  • The VA Renovation loan, valid for purchases or refinances, allows VA-qualified borrowers to easily fund the cost of a purchase or re-fi and include the costs of renovations, up to $50,000, into a single loan
  • A more affordable option compared to adding a second mortgage or HELOC
  • Both Purchases and Refinances allow borrowers to borrow up to 100% of the “after improved” value
  • Allows for luxury improvements (pools, outdoor living)
  • Eligible for active duty service members, reserve & national guard members, unmarried surviving spouses and honorably discharged veterans
  • Eligible properties include attached/detached single-family residences and PUDs, VA approved condos (interior unit upgrades only), 2-3 units and must be owner occupied

 

Renovation-Before-and-After

Take The First Step and Get Pre-Qualified Today!

Pre-Qualifications are an important step in today's real estate market. They show sellers that you are qualified to buy their home and that your offer should be considered above other, less serious offers.