Mortgage News
The purchase plus improvements mortgage
Found a home you love that needs a slight improvement? Consider a purchase plus improvements mortgage.
Published
The purchase plus improvements program allows a borrower to purchase a property and include the cost of a home improvement that will increase the value of the home. In order to take advantage of purchase plus improvements, the buyer must obtain quotes for the desired improvement and submit them along with the mortgage application. This allows the purchaser to obtain financing for improvements at a lower cost than they possibly would later on.