Purchase plus Improvements

When buying a new home, sometimes there are renovations that need to be done but funds can be hard to come by. That is why there is a program called Purchase Plus Improvements. This program allows a buyer to add 10% of the improved value of the home up to $40,000 to the mortgage for home renovations. During subject removal, the buyer must provide quotes for the work to be completed so that a budget is established. The buyer must have funds available upfront to do the work and then, once it is confirmed by an appraiser that improvements have been done, the funds are reimbursed to the client from the mortgage funds. If you are considering buying a home that needs a little TLC, ask me about Purchase Plus Improvements!