Buy and Renovate a House and Turn it into Your DREAM HOME!

Renovation loans are great for folks who wish to buy and renovate a home, or even to renovate their current home. Before these types of loans became available, homeowners had very few alternatives. They could: pay for improvements in cash, try to do a cash-out refinance based on the current value of the home or get an equity line on their home, assuming they had enough equity. In today's economy, these options are just not realistic.

Our Rehab and Renovation loans solve this problem! Now, loans can be made based on the future, renovated value of the property - all in one loan at today's great rates.

As one of the nation's premier direct lenders, we offer you the opportunity to purchase and renovate your home all in one loan. We offer several different loan programs for purchase and renovation, and almost all of them require minimal down payment and will roll all construction/renovation costs into the loan.

Since we offer so many different loan programs and not all borrowers will qualify for all programs, it is best to complete our information request form and have one of our renovation loan experts contact you to discuss your specific needs. And, don't forget, just for asking us for information, we will send you a 100% free, no obligation gift card for $300 of groceries at your favorite local grocery store.

Some Basic Facts About Our Purchase/Renovation Loans

- For all programs, you must be gainfully employed, able to document your income and have at least a 620 credit score. (If your scores are less than 620, __please see our page on the new National Credit Bailout Program and how we can assist you in buying your home)

- Maximum loan amount is $417,000, depending on loan program. We have exceptions for certain higher cost areas. Please contact us for specifics.

- Loans are intended for PRIMARY RESIDENCE ONLY.

- Single Family Residences, Duplexes and 3-4 Unit Properties are acceptable. Different guidelines apply for 2-4 unit properties.

- Loans will allow all rehab costs to be rolled into loan and we will approve the loan based on the "after-renovated" value.

- Sellers may contribute from 3%, and as much as 6% in some cases, towards your closing costs.

- All work must be done using qualified contractors.

- After purchase, you will have up to Six Months - and in some cases up to 12 months - to complete renovations.

- Minimum renovation amount is $5,000, Maximum is as much as you need, only subject to loan limits and your qualifications.

- We offer both major rehab and minor rehab programs. Minor is considered anything under $30,000 in repairs/renovations.

With our Purchase and Renovation Loans, you can:

• Borrow based on the "after-completed" value,
  Include all repairs in the mortgage,
  Eliminate health hazards (lead paint, for example),
  Make structural repairs and alterations (including additions),
  Remodel kitchens, bathrooms, etc.,
  Replace siding, roof, gutters, downspouts, etc.,
  Update plumbing, heating, electrical systems,
  Install or repair the well and/or septic systems,
  Replace flooring, carpeting or tile,
  Make energy conservation Improvements: Double pane windows and doors, insulation, caulking,
  Add decks, patios, fencing.

With our Programs, you can also:

Purchase and Renovate One to Four unit dwellings,

Buy a Multi-unit dwellings and convert down to one to four units,

Buy a Non-residential building and convert to residential,

Buy a Single Family house and convert to a 2-4 units dwelling,

Buy Mixed use properties (Commercial properties with residential units attached),
Completely rebuild from the foundation (tear down and rebuild),
Building MUST have had an Occupancy Certificate at one time (no brand new construction, click here for new construction loans)

Here is just a small list of the kinds of renovation work you can do to turn your house into your dream home:

New freestanding appliances
Bathroom remodels
Master bedroom remodel
Upgrading HVAC
Adding energy efficient improvements
Wells and septic repair and upgrades
New siding
Interior painting
Exterior painting
Attic build-outs
Waterproofing the basement
Creating a media room
Adding a 2nd floor
Total renovations
Finishing the basement
Bedroom additions
Neck deck / patios
New hardwood flooring
New doors and windows
Upgrading plumbing and electrical
Opening up the floorplan
New granite countertops
Vaulting the ceilings
Going GREEN!
New fixtures for bathtubs, sinks and kitchens
Making a house handicap accessible
Getting a condo or house ready for a new college student
Solar panels
Low flow toilets and shower heads
Creating a new master bedroom area
Much, much more...

Contact us now for more details.

(and get $300 in FREE groceries as our gift)

Search For Foreclosures For Free Here: