Renovation Loan
Turn a House into Your Dream Home
Whether you’re buying a fixer-upper or updating your current home, this option helps you increase comfort, functionality, and long-term value. While the process can seem complex, the right mortgage expert can guide you every step of the way and help you bring your vision to life.
What Makes a Renovation Loan a Good Idea?
With a renovation loan a homebuyer finances both the purchase price of the house and the cost for repairs.
The loan is based on the after-improved appraised value of the property.
One application, one approval process, one loan closing and one monthly payment.
Property types and maximums vary so be sure to contact Buckeye Lending Solutions today!
When Do the Renovations Get Completed?
- All work is completed after closing by a borrower-selected contractor
- Renovation funds are held and disbursed by the lender
- You have one loan, with your full payment beginning roughly within 45 after closing. For example if you close in June, your first full payment is August 1st
When you choose us, we'll work within your budget to determine how you can get the property you're looking for. Combining this empathetic listening with our skills and experience, we'll make sure you're the one getting a good deal. That's the Buckeye Lending Solutionspromise.
