The Purchase Plus Improvements program is available from all three mortgage insurers. Basically, it allows you to purchase a home that might need some renovation work and incorporates the costs into the mortgage up front, rather than having to get a separate loan or line of credit later on.

When you’re out shopping, you may find the perfect home on the perfect street with a great layout that just has a very old kitchen or old flooring. The home may need some basic renovations to make it your dream home. So, if you’re not afraid of a little elbow grease or if you’re willing to go hire a contractor to do that type of work for you, it can be an excellent opportunity to take a lot of the competition out of the offer market on that particular home. Looking past the total condition of the house right now and considering its future potential, we can incorporate your renovation costs at the outset.