Are you feeling like Chip and Joanna Gaines on HGTV’s hit show, “Fixer Upper”, and think it’s time you updated your own home? Or, are you frustrated trying to find your dream home in this “seller’s market”, that has left you high & dry, and without a home, because of all the multiple offers you’ve had to endure? You’ve tried over and over, and cannot find the home you want in the neighborhood you want, because the only homes left need a lot of help? If any of what we described above sounds like you, then you should consider a RENOVATION LOAN, with New American Funding, to solve your dream home dilemma!
At New American Funding, we have renovation loans to satisfy all the consumer needs, today. We can refinance your home and make improvements using either an FHA 203K renovation loan (620 minimum credit score), or a conventional “Homestyle” renovation loan (660 minimum credit score). With the conventional “Homestyle” loan, we can even renovate your 2nd home (up to 90% combined loan to value). Or, if you are an investor, we can renovate an existing property you own today, or an existing home purchase with at least 20% equity, or down-payment, included in the transaction. By financing 80% of the value of the home, the investor can save money, reduce his cash flow expense for the repairs, thus, improving his overall ROI (return on investments).
If you cannot find your perfect home, but you’ve found your dream location in a home, take the time to see the possibilities of what that property “could be”, with a renovation loan. In today’s real estate market, this is also the best way to build equity by buying low, renovating a home, and converting that run-down/out dated home, into your “dream home”! Talk to your Realtor about renovating a home, learn the possibilities that New American Funding can provide you when you finance this home! Call Scott Chapman, at 678-770-8743, to discuss making your home ownership dreams come true with a renovation loan!