Purchase Plus Improvement Mortgages

“Are You Planning To Renovate Your New Home?"

Have you just fallen in love with your forever home, but it needs work? Well, we at Riley Boychuk Mortgages have got a solution for you. The Purchase Plus Improvements Program is a strong option for consumers looking to purchase a home that shows considerable potential, but just needs a little love. With as little as 5% down, you’ll have access to the financing required to turn that fixer-upper into the home of your dreams.

With location generally being at the forefront of property values, this program is often used for, but not limited to, kitchens, bathrooms, structural renovations, unfinished basement suits, and more. This program is even used to turn an “unmortgaged” property into a “mortgageable” property by improving factors such as old wiring, mold, asbestos, piping, or structural components.

Eligible properties include new construction or existing construction, while maxing out at 4 units with a minimum of 1 unit being occupied by the principal resident.

If you’re looking at purchasing a property that needs improvements, but you’re short the costs of renovations, contact us today at Riley Boychuk Mortgages for more information on what options you may have sitting right in front of you.

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