Borrower may purchase a property or refinance an existing home and include funds in the loan amount to cover the costs of:
-No minimum dollar amount required for renovations.
-Any type of renovation or repair is eligible if the improvements are permanently affixed to the real property {either dwelling or land) with the
exception of certain appliances installed with kitchen and utility room remodels
upgrades is permitted.
-Completion of the final work on newly built homes are permitted when the home is 90% completed.
The remaining improvements must be related to completing non-structural items the original builder was unable to finish. Such work may include installation of
buyer-selected items such as:
-Construction of various outdoor buildings and structures are permitted and according to local zoning regulations.
– The renovation and contingency funds must be placed in an interest-bearing custodial account.
– Unused funds must be applied as a curtailment to the unpaid mortgage balance.
Mortgage rates change daily and vary depending on your unique
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749 Hardy Rd, Grand Prairie, TX 75051, United States
Rosalina Rose Certeza
Senior Loan Officer
NMLS #863653
Company Licensing
NMLS# 2364355
