Please note that this program has been temporarily suspended during this Covid-19 Pandemic. Feel free to check back or if you would like to be notified when it is available contact us here. Thank you and we wish you and yours good health and prosperity.
VA Renovation Financing
What You Need To Know About The VA Renovation Mortgage Loan Program
Buy and Repair with a Zero-Down* VA Renovation Mortgage Loan!
Are you looking to buy a home, but everything home in your price range is in need of some improvements or upgrades to make it just right? The VA Renovation Mortgage Loan is a solution you can use to both buy and improve your new home.
Not only do you get the full benefits of a zero-down VA mortgage loan, but you can include up to $35,000 total renovation cost for improvements.
The VA Renovation Program may only be used for minor remodeling and non-structural repairs.
The total renovation cost must not exceed $35,000. There is no minimum required renovation cost.
Improvements and Upgrades
What Can VA Renovation Funds Be Used For?
Pre-Move Repairs
Make home improvements or repairs before moving into your home.
Kitchen and Bath
Remodel an old kitchen or bathroom.
Interior Finishes
Replace worn carpeting/flooring, remove wall paper and paint.
Energy Efficiency
Add energy efficient windows or update HVAC systems.
Other Eligible Work
And many other types of repairs and upgrades, subject to program requirements and lender approval.
Program Boundaries
Minor Remodeling and Non-Structural Repairs
Program Scope
- Minor remodeling
- Non-structural repairs
- No minimum renovation cost
- Total renovation cost up to $35,000
Important Restrictions
- Structural repairs are not allowed
- Work requiring longer than three months is not eligible
- Minimum FICO requirements apply
- Other restrictions may apply
If you have any questions about using your VA benefit for renovation loan or would like to get started on the path to homeownership, please contact me at any time!
Programs and guidelines changes happen often and are in some cases lender specific and/or state specific. Always contact a qualified VA Renovation Program mortgage professional for the most up to date program and guideline information.
*100% financing up to the county loan limits available on purchase loans. Minimum FICO score requirements apply.
**Minor remodeling that does not involve structural repairs is allowed. Any repair or improvements require a work schedule longer than 3 months is not eligible. Other restrictions may apply. Rev. 2.918(0218-2138A);