Chicago-based
Guaranteed Rate has introduced the VA Renovation Loan, a product designed to help military veterans purchase and renovate homes.
According to the company, VA Renovation Loans offer up to $35,000 in funds to complete improvements and renovations along with traditional VA loan benefits including 100 percent financing options. Borrowers may finance up to 100 percent of the purchase and improvements price with up to four months to complete the project.
“Our goal is to provide more homebuying options for veterans, especially those looking to purchase in low-inventory areas,” said Guaranteed Rate Renovation Leader Tom Shelar. “These loans provide a way to purchase and more affordably create the homes of their dreams. It is an honor to represent our veterans, who have done so much to serve us all of us.”
Since 2000, Guaranteed Rate has built a foundation of delivering competitive pricing, mortgage products and unmatched expertise from its top-producing loan officers, helping thousands of customers move into their dream homes. The company introduced the world’s first Digital Mortgage, creating an easy-to-understand, transparent loan process, which has led to an industry-leading customer satisfaction rating and exponential growth.
