Are you eyeing a charming house that needs a little TLC before it becomes your dream home? Geneva Financial proudly introduces USDA Renovation loans, designed to help eligible borrowers purchase homes in need of renovation.
This innovative program allows homebuyers to combine the purchase of a home with the costs of necessary renovations into a single loan, opening doors to homeownership for more families while enhancing communities’ housing stock.
Up to 100% Financing: Borrowers may finance up to 100% of the “as-improved” value of the property, including the guarantee fee.
One Loan for Purchase and Renovations: This program simplifies financing by combining the purchase of a fixer-upper with renovation costs into a single loan, streamlining the process for homebuyers.
Guaranteed Loan: The loan is guaranteed after closing, providing peace of mind to borrowers before the completion of repairs.
Advanced Funds for Non-Structural Repairs: For non-structural repairs, contractors can receive up to 50% of estimated materials and labor costs before beginning construction, facilitating smoother renovations.
With more than 150 branches nationwide, Geneva Financial Home Loans offers countless homebuyer and homeowner-focused products including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans, and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.
If you need help navigating the current market, connect with your local Geneva Financial representative to start the conversation and read more about Geneva’s full product lineup at https://www.genevafi.com/loan-products/.
Founded in 2007 by Aaron VanTrojen, Geneva Financial is a direct mortgage lender headquartered in Chandler, Ariz., with more than 150 branch locations in 48 states. To learn more about Geneva Financial, visit GenevaFi.com.
