– Simple process. 95% LTV – Loan Amount up to $1.5 million – Interest only payments during construction

– Simple economical way to make home improvements or repairs, with a single close first mortgage
– Can be used to purchase a home that needs repairs, or as a refinance on your existing property. – 15, and 30 year fixed rates available. – Repairs can be up to 50% of the estimated value of the home after repairs/renovations.

– No repayment required for the rest of your life, if you’re over 62 and live in the property. – No out of pocket expense. – Proceeds can come in lump sum, or a monthly check, or even a line of credit. – Fixed and adjustable rate loans are available.

– Instant equity boost — 1% of the down payment comes from the borrower, and the 2% comes from a grant program. – Giving you 3% equity when you move in, with only 1% out of pocket. – Available with no monthly mortgage insurance. – Some income limits depending on area. – Minimum 680 credit score required. – Home Buyer education may be required.