We can help you put the VA in renoVAtion
We can help you put the VA in renoVAtion
If a home did not meet the minimum standards, the veteran would need to find means to make the home improvements prior to purchase or move onto a different property. The VA began noticing an increased demand for alteration and repair loans, due to the aging housing stock in the US. As a result, VA now offers a Renovation Mortgage that allows veterans and some family members to borrow money to cover the costs of renovating a home and bases the mortgage loan amount on the home’s improved value. This is like other renovation loan products that we have been offering but it is now extended to veterans, so they can use their earned benefit on properties that don’t meet the property minimum standards.
This renovation mortgage is available for home purchases or refinances, meaning it can be used to make improvements on your current home! If you would like more information about this loan, please visit our page about this latest offering: https://stockton.com/learn/va-renovation/
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