It's easy to finance a fixer-upper in Tucson with a Renovation Mortgage.  The Renovation Mortgage provides a convenient way for you to make renovations, repairs, or improvements totalling up to 50% of the as-comleted value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly financing methods.  The Renovation 1st Mortgage enables you to obtain a purchase transaction mortgage or a limited cash-out refinance mortgage and receive funds to cover the costs of repairs, remodeling, renovations or energy improvements to the property!

The greater Tucson-area is a wonderful place to live!  There are many homes for sale to fit any budget.  Please call or email me for more information on Tucson-area properties and/or the Renovation Mortgage.

Benefits of the Renovation Mortgage:

• Owner-occupied, Second-home, or Investment properties
• Borrow up to $417,000 for 1 unit,$533,850 for 2 unit
• Low down payment - as little as 5%
• Loan is based on the as-completed value of the property
• Borrow up to 50% of the as-completed value for improvements
• 15 and 30 year fixed rate fully amortizing mortgage

What Can You Do?

• Structural Add-On's 
• Bathroom/Kitchen Remodel
• Heating/AC/Plumbing/Electric
• Swimming Pool/Outdoor Kitchen
• Energy Efficient Windows/Doors
• Roofing/Flooring
• PITI due during construction may be financed.

Think about the availability of this when home shopping and/or selling.  It will open many doors to you such as buying a fixer-upper, fix/flip or rental investment, or fixing up your home before putting it on the market for sale.

Please do not hesitate to call, text, or email Gregory Richman, Realtor with questions or to get the ball rolling.