More About CHOICEReno eXPress
CHOICEReno eXPress is a single-close loan that enables borrowers to purchase a home that needs smaller-scale repairs, or refinance their existing home and include the necessary funds for small-scale cosmetic repairs in the loan balance.
Program Highlights:*
- Purchase and refinance (no cash-out)
- No interim construction financing necessary
- No minimum dollar amount for repairs
- Repairs up to $35,000
- Allows purchases from a home improvement store
- Minimum FICO of 620
- Can be combined with affordable mortgage products with low down payment such as Home Possible, HomeOne and super conforming mortgages
Eligibility:
- 1-4 unit primary residences
- 1-unit second homes
- PUDs
- Approved condominiums
- Multi-wide Manufactured Homes including CHOICEHome
Find out more by filling out our form and one of our mortgage experts would be happy to get you started!