Veterans VA Renovation Loan
The Veteran’s Renovation Loan works just like a normal VA Loan, but allows for renovations to be done to a home after closing, with all renovation costs being added into the original loan. This loan is a great option for veterans because it opens up so many more possibilities in a tight housing market.
The Veteran’s Renovation Loan allows you to finance up to $50,000 in nonstructural repairs, including kitchen/bath remodels, new flooring, new siding, roof replacements, and essential updates for safety and modernization.
This program provides a valuable tool for honoring and supporting our veterans’ homeownership dreams.
Works with a VA Loan.
- Up to $50,000 in repairs
- 100% LTV/CLTV for most purchases 90% for cash-out refinances
- Primary residences only
- Loan amounts from $40,000 up to $766,550
- A contingency reserve of 10-15% is required to cover unexpected costs
