Strategic Home Capital Remodeler Loan

Strategic Home Capital's Special Remodeler Loan

The Remodeler Loan enables borrower's to get up To $35,000 dollars at closing escrowed for Improvements.  This is the prefect loan for anyone looking to purchase a Foreclosure, Pre-Foreclosure, or other property that needs work to make the property habitable.

Remodeler Streamlined Loan for Purchases:
A maximum of $35,000 can be placed into escrow for the completion of the following improvements: 
  • Repair / Replacement of roofs, gutters, and downspouts
  • Repair / Replacement / Upgrade of existing HVAC systems
  • Repair / Replacement / Upgrade of plumbing and electrical systems
  • Repair / Replacement of flooring
  • Minor remodeling such as: Kitchens, which do not involve structural repairs
  • Painting: Interior and Exterior
  • Weatherization: including storm windows and doors, insulation, and etc.
This loan maybe used for purchase or refinance of one-to-four (single family) residences including HUD real estate owned properties. Repairs can be completed after closing. Cash-out refinance loans are not allowed. This loan can be used to update homes, correct health and safety issues. The property value must be sufficient to purchase / refinance AND complete the rehabilitation. All homes must be at least one (1) year old, except for homes located in presidentially declared disaster areas for 1 year after the disaster. All homes must be owner occupies primary residences, and investors are NOT allowed.
 
If you already own your home, and you are looking to complete a renovation.  There are several other loan options available, and the loan limits are ONLY limited by the final appraisal value after the completion of improvements. 
 
To learn more, contact your Strategic Home Capital Loan Officer to get pre-qualified today!