Are you in the market for a new home, we can help you!
The Home Company’s expert advice and invaluable materials that will assist you in expanding your real estate horizons. All repairs and upgrade costs are rolled into one price.
A mortgage that allows for the escrow of repairs, remodeling and/or improvements of a residential or mixed-use property with a single closing, eliminating the need for short term construction financing.

Provide Greater Home Ownership Opportunities:
A More Cost Effective Ways to Renovate
Purchase or Refinance with Credit Flexibility & Fixed Rates
Mortgage Insurance & Underwriting
Qualifying Buyer at No Money Down
Down Payments & Loan Limits
Eligible Properties & Non-Profits
Value of the Property Plus Renovation
Single Family Dwellings, Condo/Townhouse
Aesthetic Appeal & Structural Alterations
Modernization/Improved Function
Elimination of Health/Safety Hazards
Plumbing, HVAC & Electrical
Well/Septic Repair & Landscaping
Roofing, Gutter/Down-Spouts
Energy Conservation Improvement
Access for the Disabled

Financing
Are you ready to start your project? The Home Company has access to a variety of lenders that can help you with all your renovation lending needs.
• Renovation
• Remodeling
• New Construction
• Additions
• Conventional Renovation
• Investor Renovation

The Process
A mortgage that allows for the escrow of repairs, remodeling and/or improvements of a residential or mixed-use property with a single closing, eliminating the need for short term construction financing is described below. This describes a typical step-by-step application/mortgage origination process for a transaction involving the purchase and rehabilitation of a property. It explains the role of the mortgage lender, the contractor, the borrower, consultant, the plan reviewer, appraiser and the inspector.
Homebuyer selects a mortgage lender.
Homebuyer selects a qualifying property.
Preliminary Feasibility Analysis
- The following should be determined:
- The work required and cost estimate of the work.
- The market value of the property after completion of the work.
- The Home Company will provide a feasibility study including a termite inspection.
Appraiser Performs the Appraisal.
Firm Commitment Application
Mortgage Loan Closing
Rehabilitation Loan Agreement
Rehabilitation Escrow Account
Mortgage Insurance Endorsement
Rehabilitation Construction Begins
Releases from Rehabilitation Escrow Account
Completion of Work/Final Inspection

When all work is complete according to the approved architectural exhibits and change orders, the borrower provides a letter indicating that all work is satisfactorily complete and ready for final inspection. If the inspector agrees, the final draw may be released. If there are unused contingency funds or mortgage payment reserves in the Account, the lender must apply the funds to prepay the mortgage principal.

To contact The Home Company
Click here