Renovation financing with one closing
AFR offers a suite of home financing solutions to help you expand your business and help more families! Freddie Mac's CHOICERenovation® allows eligible borrowers to combine the cost of a home purchase or refinance with the cost of renovations into a single mortgage closing. There are no required improvements or minimum dollar amount for the repairs. Repairs or improvements, however, must be permanently affixed to the real property and add value to the property. Great for fixer-uppers or older homes that need updating!
- Maximum LTV up to 97%
- Renovations and repairs up to $100,000
- One closing and no requalifying
- Amount based on "as-completed" value of the home
- Can be combined with Home Possible™, HomeOne℠, and super-conforming
Find out more by filling out our form and one of our mortgage experts would be happy to get your started!