A Renovation loan, is a first mortgage that allows you to both purchase and renovate a home that needs repairs with a 3.5% down payment. Most home buyers do not know about this type of loan.
Home Renovation loans & mortgage underwriting go hand in hand to your sales success as a Real Estate Agent.
If you can’t find exactly what you’re looking for you may want to think about getting a renovation loan. Re-do of kitchen, bathrooms, etc. can mean you get more out of your home.