Ginny's RI House Hunt Blog

Home Renovation Loans Not a 203K Loan

Home Renovation Loans from Coastway Bank

Work for Home Buyers

 

Home buyers are finding it so hard to buy an up to date, renovated home in this real estate hot buying market.  It is time to open your options up and learn a bit more about what programs are out there for buying a home and including the renovation cost in the loan.  Just may make the difference in RI real estate in owning a home where you want or still renting!

 

I attended a session last night to see what Coastway Bank has been doing with their portfolio renovation loans they have been offering to home buyers in the last year.  They are interesting and not an FHA loan.  Their loan is a conventional loan with a minimum downpayment of 5%, lower private mortgage insurance & PMI goes away.  The Coastway Renovation loan is underwritten like a conventional loan.

 

This program allows RI single family primary residence home buyers many opportunities now that home buyers need to be aware of this year.  I am not a mortgage lender but I know what works and I have seen how Coastway delivers to my clients without hitches from the Bank's end.  Open your eyes as a home buyer and see the vision in home buying with renovations in mind.  When you work with me in RI real estate it is essential to be pre-qualified to buy and see the best lending programs available to you. 

 

As a listing agent of homes we need these lending programs for borrowers and especially first time home buyers.  I am very excited to be able to show programs like these to my 'less than perfect' homes for sale.  Have a home coming on the market in North Kingstown shortly that fits this program well for the home buyer.  

 

Happy to work with home buyers who need buying guidance that works for them.  Talk with me when you are looking for a RI buying opportunity.

 

Renovation Home Loans Are Working for Home Buyers

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

www.RIHouseHunt.com

 

                                      

Comment balloon 9 commentsGinny Gorman • April 14 2017 12:09PM
Home Renovation Loans Not a 203K Loan
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Home Renovation Loans from Coastway Bank Work for Home Buyers Home buyers are finding it so hard to buy an up to date, renovated home in this real estate hot buying market. It is time to open your options up and learn a bit more about what… more