Have you found a house that could use some tender love and care or maybe you’re already living there? Columbus offers you the option to purchase or refinance a property that could use a few renovations. These loan types allow you to have a single mortgage with the renovation costs included that can be financed on a fixed rate for up to 30 years.
Benefits of Purchase & Renovation Loan
• Allows you to purchase and renovate nearly any home in any condition with one loan
• Perfect for those homes that need some love to reach their full potential
• Enhances your current home to fit your needs
• All repairs are added to your mortgage to make a new first mortgage with one payment
• Loan is based on the estimated value of the home
Calculate the effect of combining other debt with your home mortgage. If you select Credit Card, Auto Loan, or Other but leave the interest rate blank, the calculator assumes a rate of 17.5%