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The 6 Advantages of Renovation Loan Financing

Posted on 28/02/2023 by

Whether you are purchasing a home that needs fixing up or renovating a home you already own, renovation loan financing options can help you create your dream home now and pay for it over time.

It doesn’t matter if it’s a small or large project — CrossCountry Mortgage can help finance your vision. Renovation loans create financing opportunities for buyers, sellers and real estate agents that simply do not exist with traditional lending products.

couple renovating house

The advantages of renovation loan financing include:

  • No minimum or maximum – finance appliances, kitchens, bathrooms, floors, walls, roof, or a complete gut renovation. You can even add another level, an extension to your home, or build a new home!
  • Appraised value is based on the “After Improved” condition of the house.
  • Can close without a certificate of occupancy or on a house that does have current violations.
  • Can be used for one- to four-family homes, mixed-use, condominiums, and co-ops.
  • Use for primary residences, second (vacation) homes, and one-family investment properties.
  • Low down-payment options and low-equity programs available.

Get local market expertise with the benefits of a national lender. Contact originating branch manager Barry Koven (NMLS #404510) via phone at 917.597.1330, email at barry.koven@myccmortgage.com or website at crosscountrymortgage.com/Barry-Koven.

[Photos via Unsplash except when noted otherwise]

Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC NMLS3029 (www.nmlsconsumeraccess.org). Licensed by the New Jersey Department of Banking and Insurance. Licensed Mortgage Banker – New York State Banking Department.

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  • Exploring the World of Antique Jewelry
  • The Health Risks of a Sedentary Lifestyle vs. Active Sports
  • The Future of Nutrition: Technology-Enhanced Eating
  • The Ultimate Kitchen Cleanup Guide for Home Cooks
  • Exploring the World of International Street Food

alternative ways to sell your house buy my house home realtor home sellers house buying companies house realtor houses how do you search by mls number? how to sell your home online how to sell your house by owner how to sell your own house my realtor national association of realtors realtor realtor.com find a home realtor.com florida realtor.com mi realtor.com official site realtor.com rentals realtor.com texas realtor definition realtor homes for sale realtor logo realtor md realtor nc realtor near me realtor net realtor on realtor one realtor pa realtor pronunciation realtors realtor websites sell home by owner sell home for cash sell home online sell home quick selling a house sell my home sell my own home steps to selling a house by owner the realtor the realtors what does a realtor do yahoo real estate listings

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