Does your home need some extra love? Or maybe a for sale property has some great potential but it’s not quite up to your living standards. A Renovation loan can be just the thing to make a mediocre property into the home of your dreams!
Renovation Loans are used to either rehabilitate or upgrade an existing property. These can be things such as repairing structural issues or adding cosmetic upgrades to the property. The value used for qualification is the estimated future value of the property after the upgrades have been completed. There are FHA or Conventional Renovation Loan options available depending on the specific situation.
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