VA renovation loan benefit gives the option of a no money down financing that covers the value of the property plus the cost of renovating the home. This benefit is ideal for military personnel of veterans who want to buy a house that needs to be upgraded or fixed or refinanced and remodel their existing home. Below are a few facts about the VA renovation loan benefit, for more information don’t hesitate to fill out the form above and a loan officer will guide you thru the process.
The renovation cost cannot exceed $35,000.
The home can be a new home purchase or a refinance.
It can only be done for primary residences.
Construction needs to be completed with 4 months of the closing date.
A general contractor must meet insurance guidelines.
620 FICO sore.
If you are interested in learning more or starting the VA renovation loan process, contact us by filling out the form or calling us today!