Blog

This type of mortgage allows buyers to finance the purchase of a property as well as any improvements or renovations that they want to make to the property. This is an ideal option for your first-time homebuyers who typically have smaller down payments and can’t afford to both put money down and pay for any renovations they want to do as soon as they take possession. Could your buyers use $100K and beyond in improvements to create their dream home? We have only one specific lender that provides up to and beyond 100k extra mortgage for improvements and we can execute this in up to 3 advances/draws. I have attached a one-page informational sheet for your reference.