VA Renovation Loan
This program allows service members, Veterans, and eligible spouses to buy a fixer-upper and make improvements or to refinance a home they already own and receive funds for renovations.
Veterans can take advantage of today’s historically low-interest rates, and the programs available to them to fix up the home of their dreams!
Features and Benefits
• No minimum repair amount
• Minor alterations, cosmetic repairs, and non-structural repairs allowed–including accessibility upgrades
• 10-, 15-, 20-, 25- and 30-year fully amortizing fixed-rate terms available
• Purchase and regular (non-IRRRL) refinance transactions permitted
• 1 to 2 unit primary residences, including manufactured housing permitted
620 minimum qualifying credit score
HUD consultant required for all renovation projects exceeding $50,000
Not Available in Hawaii or Alaska
Copyright©2019 Geneva Financial, LLC, NMLS #42056
This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on the applicant’s eligibility and market conditions. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. Geneva Financial LLC #42056 is an Equal Opportunity Lender and Equal Housing Lender. 3155 S. Price Rd Chandler, AZ 85248. AZ#0910215 Corporate: 3155 S. Price Road • Suite 105 • Chandler • AZ • 85248