Before you pass on a fixer-upper because it “needs too much work,” consider Silverton Mortgage’s One-Time Close Home Improvement program. It’s designed specifically for buyers who are looking to purchase a home and make improvements right away.
Eligible borrowers can now borrow based on the cost of the home and the cost of the renovations combined OR the future value of the home after all improvements are complete. PLUS, enjoy interest-only payments for up to 12 months during renovation!
That’s one loan and one closing that covers both the purchase and renovation of the home! The HomeStyle Renovation mortgage changes the game by taking your “fixer-upper” to a whole new level.
All loans are subject to credit approval.
Homestyle® is the registered servicemark of the Federal National Mortgage Association