Fixer Upper Loan
Now, you can buy a home that needs minor updates, use Lowe's® or The Home Depot® for renovations, and roll the cost into your mortgage instead of paying out of pocket.
With access to more than 250 loan programs, Stephanie Diaz takes the time to understand what you’re looking for in a mortgage and how that fits in your long-term financial picture. Together, we’ll review your options and clearly answer all your questions and any concerns so you can make confident, well-informed decisions for you and your family. Contact us for a complimentary consultation or fill out our secure, online prequalification form to get started.
Program Highlights
- Simpler process than other renovation loans
- For one-unit primary residences and second homes
- Conventional loan with minimum 3% to 5% down
- Finances up to 10% of the sales price for renovations
- Access to renovation funds within 72 hours of closing
- Allows up to 6 months to complete the work
- 5% contingency at closing - unused reserves refunded to buyer
How does it work?
Step 1
Find a home, then visit Lowe's® or The Home Depot®.
Step 2
Store prepares scope of work for appraiser.
Step 3
Home is appraised with scope of work included.
Step 4
You get a check to pay the store and work begins after the loan closes.
The Fixer Upper Loan program is not sponsored, endorsed, or administered by, or associated with, Lowe’s® or The Home Depot®. Lowe’s® and The Home Depot® are the owners of their respective marks, logos, name, and image. Additional requirements, restrictions, and underwriting conditions apply; see loan officer for details. Information as of 08/01/2024.
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