Location, location, location.

By: Whitney Tjoelker, Senior Mortgage Loan Officer

The location of your home is forever; everything else is up to you.

Have you ever come across the saying, “Find the worst house on the best street”?

While this might seem like a daunting task, a Homestyle Renovation Loan from Peoples Bank could make it easier than you imagine.

Renovation loans can be utilized to purchase fixer-uppers or any home that you wish to upgrade or modify. Instead of taking one loan for the home purchase and another for potential renovations, a renovation loan combines both into a single package. This means the total loan amount covers both the property acquisition and any planned improvements.

With renovation loans, homebuyers who see the potential in a property can include funds for improvements within their purchase financing. This could range from something as straightforward as updating finishes to undertaking major projects like a roof replacement. In competitive housing markets, this flexibility allows buyers to broaden their search to include homes that may need a little extra care. You can allocate your resources toward what truly matters to you, rather than being constrained by the property’s current state.

Renovation loans are simple and adaptable, enabling you to use the money in ways that suit your vision. Whether it’s upgrading the kitchen, adding a swimming pool, constructing an on-site ADU, replacing a septic system, or revamping your garage, the possibilities range from fun to functional.

The Homestyle Renovation Loan from Peoples Bank provides a lower interest rate than a traditional Home Equity Line of Credit and requires a smaller down payment than a standard construction loan. If this sounds like the right option for you, I encourage you to reach out to explore the details.

Finding your dream home requires dedication, determination, and sometimes a stroke of luck.

Let Peoples Bank handle the rest.