Renovation Loans | Home Improvement Loans in St. Louis
By: Ryan Cox
Now is the right time to find that perfect home, make updates, improvements, or renovations so you enjoy them this summer. Whether purchasing a home or wanting to upgrade your existing home, our Renovation loan programs allow a customer to build the costs of renovating into their mortgage and achieve two goals with one loan. If you have found that home in the perfect location, but it’s not quite what you want: Don’t wait, Renovate. Are you outgrowing your current home or wanting to upgrade dated items, but do not have enough equity built up or enough money saved? Don’t wait, Renovate.
There is a lot of talk in the real estate community about low inventory on homes for sale. That is true in some cases if you are referring to homes in new, pristine, move-in ready condition. However, there is a great inventory of homes that are outdated or in a distressed condition in very desirable areas which are great opportunities to purchase and renovate. These homes are typically being sold below market value so, not only can you get a great deal, but you can also include any and all updates, improvements, or renovations that you would like at the same time. So, don’t wait until you find the perfect home. Turn any home in your desired area into the perfect home with one of our renovation or home improvement products.
Whether you are spending $15,000 for cosmetic repairs and updates, $150,000 for kitchen and bath remodels, or $300,000 to put on an addition and complete major renovations, we have the right renovation program that can help you accomplish all of your goals. All of these programs work off the “after improved” value, not the “as-is” value which gives you credit for all the repairs, updates and improvements upfront. This allows access to the greatest amount of funds available.
These programs are mainly designed to benefit home buyers and homeowners, but they are also a wonderful tool that can be used to help Realtors, Contractors, Investors, Financial Planners, and Insurance agents increase their business and help their clients reach their goals. These programs work well on all owner-occupied properties, but they can also be used for second homes and even investment properties.
Choosing the right lender is as important as choosing the right loan program. Both need to work for you today and tomorrow. At First Integrity Mortgage Services, you can expect the best possible service to help you plan effectively, purchase confidently, and own successfully.
If you would like to learn more about our Renovation programs or see if one might be a good fit for your next project, please contact our Renovation Specialist (Ryan Cox) to set up a free consultation 618-581-3015 or rcox@firstintegrity.com NMLS# 1547172.