It's still possible to obtain financing to purchase and then renovate a home. Here are some highlights from a program available from one lender--
One-Time Close Renovation/Mortgage Loans
-Convenience--one application, one approval, and one closing for both the renovation and the permanent loans
-Convenience--one application, one approval, and one closing for both the renovation and the permanent loans
-Cost savings--only one set of closing costs
-Tax benefits--interest paid during the life of the loan may be tax deductible
-Loans up to $1,000,000 or more
-Extended rate lock for up to 18 months
-Loans available for primary or secondary residences
Please call Alan at BBVA Compass for information: 214-695-9546
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