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Purchase Renovation Loan

Getting into a new home? – “Don’t Decorate – Renovate!” First time buyers should make their first home a – True Dream Home – by looking at a mortgage product that is designed to complete the purchase of the as-is house into the home of their dreams. It is...

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Renovation Loans

Posted by Carmelo Vitello | Posted in Financing Renovations, First Buyers Home Loans, Loans for Renovations, Mortgage with Renovation, Ready to Apply for a Loan | Posted on 02-06-2014

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   Renovation loans can be a home buyer’s best friend.

   How is that, you may ask?

   Because the renovation loan is used to purchase a house – you kind of like – and turn it into the Home of your dreams, all before you move in!

   With rates at historic lows and properties priced very well, now is the best time to get into the home of your dreams. Whether a one to four Family house or a Condo or Co-Op (NY only), you can borrower based on the purchase price + cost of full renovation and have one, low rate loan, for up to 90% of the total. (Must Appraise)

  Use my construction & financing experience serve as your guide in closing on your unique project. With loans to $2 million and more, I can help with any size project.

   Please use me as your personal loan officer, contact me today!