AFR is proud to be able to provide a unique set of products tailored to almost any home renovation scenario. The USDA Repair Escrow allows for financing of minor renovation costs to a home that meets property standards or where repairs could not be completed due to inclement weather conditions.
A truly niche product, you can leverage the USDA Repair Escrow to find untapped business opportunities in this changing market. Some of the features of USDA Repair Escrow include:
- Exterior and interior repair escrows (combined) should be under 10% of the final loan amount
- Livability of dwelling is not affected
- Signed contract is in effect for proposed repair work
- Done within 180 days of closing
Would you like to find out more? Fill out our form to speak with one of our industry specialists regarding this exciting business opportunity.