Purchase Plus Improvement
Don't pass on a home because it needs work. Our Purchase Plus Improvement program allows you to roll the costs of renovations into your mortgage at the time of purchase, with as little as 5% down.
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Why Choose NP Mortgages for Your Home Improvements
We help you see the potential in every property. Our team coordinates with lenders and appraisers to ensure your renovation vision is fully funded.
- Low down payment for purchase and renos
- One single, easy monthly payment
- Increase your home value immediately
- Access to 65+ specialized lenders
How it works?
You find a home that needs work, get a quote for the renovations, and we secure a mortgage for the combined value of the home and the improvements.
Eligibility
Available for first-time buyers and repeat buyers. The renovations must be completed within a specific timeframe after closing.
Create Your Dream Home
The perfect home doesn't always exist on the market, but it can be built from one that's almost there. With Purchase Plus Improvements, you can buy a house and immediately update the kitchen, floors, or bathrooms. This program gives you the flexibility to customize your home while benefiting from current mortgage rates, which are significantly lower than credit cards or personal lines of credit.
Smart Investing from Day One
By performing renovations immediately after purchase, you can instantly increase the market value of your property. We'll guide you through the process of obtaining quotes and managing the lender's appraisal requirements, ensuring that your investment is sound and that the transition into your newly renovated home is as smooth as possible.
The 8T Improvement Strategy
Our 8T Process is perfectly suited for the added complexity of renovation financing. We 'Think' through the total project cost and 'Tend' to the specific documentation required by lenders for the construction phase. We're here to make sure your project is 'Transparent' and successful.
What Do Your Renovation Plans Look Like?
Contact NP Morgage directly and one of our renovation finance specialists will be happy to help. When you work with us, we make sure to secure the ideal loan to finance your renovation without the financial burden.
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