Skip to main content

Movement Mortgage Targets Veterans With New Renovation Loan Offering

NationalMortgageProfessional.com
Jun 13, 2018
Movement Mortgage has announced the acquisition of the retail lending assets of Platinum Mortgage

Movement Mortgage has launched a new mortgage product designed to help more U.S. military veterans purchase and renovate their homes. The VA Renovation Loan, offered in partnership with the U.S. Department of Veterans Affairs, is designed to help veterans purchase and renovate a new home or make necessary repairs through the refinance of an existing home. Borrowers may access up to $35,000 in funds to complete repairs and renovations, plus the benefits of a traditional VA loan, such as 100 percent financing.
 
Features and benefits of the VA Renovation Loan include the following: Up to $35,000 in repairs or renovations; finance up to 100 percent of the as-completed value of the home; can be used for purchase or refinance; primary residence only; and a 620 minimum credit score.
 
“It is a privilege to come alongside our military veterans and expand their options for a home purchase or renovation,” said Movement Mortgage Chief Executive Officer Casey Crawford. “With many homebuyers facing incredibly tight inventories, this gives our veterans more options, and our Loan Officers more tools to serve them, as they pursue the dream of homeownership.”


 
Published
Jun 13, 2018
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021