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  • 5% minimum down payment requirement for primary purchases 1-unit investment properties and second homes allowed 15% minimum downpayment for investment properties 10% minimum downpayment for second homes Costs such as architectural [...]

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    The HomeStyle Renovation Mortgage is a financing option that lets buyers purchase or refinance and include the cost of repairs or upgrades.

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    The Limited loan is for small scale projects not requiring a consultant or project manager. The loan is for projects where the owner can immediately occupy the house upon closing. Once work is complete, the contractor is paid. Eligible and [...]

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    The Consultant K program typically is used for large projects requiring a consultant and may have multiple phases or complexity.   Eligible Ineligible Structural alterations and additions New tennis court Garage [...]

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    1-4 unit properties Primary residence only Condos Mixed-use properties per FHA guidelines Modular homes There are two kinds of renovation loans – a limited loan, providing up to $35,000; and the consultant loan, with loan amount [...]

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    Minimum 3.5% down payment Up to 110% (100% on condos) of the after-improved value of the home used as basis for financing* Up to 6 months of mortgage payments (PITI) can be financed to help buyers avoid double mortgage payments** [...]

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    Money to Finance Home Improvements for an upfront Purchase or a Refinance Renovation loans give buyers the money to purchase or refinance a home and include the cost of repairs or upgrades. Renovation can include: Kitchens or bathrooms [...]

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    One popular loan program is the FHA 203(k) Renovation Loan. You can get up to $35,000 with a simple limited upgrade loan or finance large projects costing over $35,000, like room additions and major remodels, with our full renovation loan. Fix[...]

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    As a result of changes to the mortgage industry, options for a conventional loan with $0 Down have evaporated and a VA Loan is one of the only $0 Down home loan options. Some people believe a VA Loan involves red tape and is more work but really, [...]

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    Whether you’re buying a home, selling or refinancing one, there are always going to be closing costs as part of the transaction. These comprise the fees and costs associated with completing the refinance or the purchase. Before the keys are turned [...]

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