Have you considered a Renovation loan?
Found the perfect home, but it needs updates or major repairs? SouthPoint Bank Home Mortgage can help without the need for a home equity line of credit or second mortgage. Talk to your loan officer about which program will best fit your needs.
Examples:
- Remodel the kitchen or bath
- Renovate or add a room
- Paint the house or add siding
- Add a porch, deck or patio
- Replace a leaky roof
- Put in new flooring, carpeting or tiling
- Update electrical, plumbing or heating systems
- Foundation repair
- Plus more!
Available Programs:
- Fannie Mae© HomeStyle Renovation
- FHA 203K Improvement Loan
- In-house portfolio Renovate & Repair
- SouthPoint’s Ecrow Holdback program