hero-simple

VA RENOVATION
Loans

VA Renovation loans are a great loan option for Veteran service members to purchase a home in need of repair. Just like regular VA loans, VA Renovations loans extend to the Army, Navy, Air Force, Marines, Reservists and National Guardsmen.

 

The VA Renovation loan allows you to include the purchase and renovations of a home in one mortgage loan. Search for a loan officer or branch near you to get started today!

 

GET STARTED

Find a Loan Officer   Find a Branch

text-columns

FEATURES:

  • Minimum Repair Amount: $5,000
  • Maximum Repair Amount: $50,000 + fees and contingency
  • Loans must be reported to VA within 60 days of receipt of a clear VA final inspection report
  • No Swimming Pool Construction
    • Repairs up to $1,500 allowed
  • Non-Structural Repair Only

RESIDENCY TYPES:

  • Primary Only

 

PROPERTY TYPES:

  • 1-4-unit primary residence
testimonials
Testimonials

What Our Customers Are Saying

Testimonials

What Our Customers Are Saying

/

Everyone we came across at the company made our process a lot less stressful. They answered all our questions and made sure we handed everything that needed to be handed in on time. Thanks!

Paul K. / Homebuyer, NJ

We highly recommend Family First as they are an amazing team, efficient, honest and always available! Not only would I recommend Family First to my clients, I do use them for our family's mortgage needs!

Lisa C. / Real Estate Agent, FL

Great service, very professional. Highly recommended!

Christofer V. / Homebuyer, TX

Expertise, open communication at all times, and complete confidence knowing that my Buyer was wonderfully serviced and their loan would close!

Laure M. / Real Estate Agent, NJ

It was a smooth process from start to finish and I appreciate the time each of them took to answer any questions I may have had with respect to the process, the paperwork, etc. They were all incredibly kind, helpful, and responsive no matter how small the question may have been, and as a first time homebuyer I am very grateful for that.

Jessica S. / Homebuyer, NJ
grid
Our resources

In the news Today

/
text-columns

FHA 203(k) Standard:

  • Minimum Repair Amount: $5,000
  • No Maximum Repair Amount
  • Renovation Duration: 6 Months from Closing
  • No Swimming Pool Construction
    • Repairs up to $1,500 allowed
  • Structural & Non-Structural Repair

FHA 203(k) Limited:

  • No Minimum Repair Amount
  • Maximum Repair Amount: $35,000 including rehabilitation fees
  • Renovation Duration: 6 Months from Closing
  • No Swimming Pool Construction
    • Repairs up to $1,500 allowed
  • Non-Structural Repair Only

CAN BE USED FOR:

  • Improving curb appeal or home’s appearance
  • Installing or repairing roofing or flooring
  • Fixing health and safety hazards
  • Fixing plumbing/waste systems
  • Improving accessibility or functionality
  • Landscaping & groundwork
  • Repairs to gutters or ground spouts
text-columns

BENEFITS

  • Lower down payment and credit score requirements
  • Temporary housing can be provided while repairs take place
  • Competitive interest rates

 

PROPERTY TYPES:

  • Attached or detached single-family residences
  • Condos
  • Planned Unit Developments (PUDs)
  • 2-4 unit properties
  • Manufactured homes

RESIDENCY TYPES:

  • Primary Only

 

LOAN TYPES:

  • First-Time Homebuyer
  • Purchase
  • Refinance
  • Renovation
testimonials
Testimonials

What Our Customers Are Saying

Testimonials

What Our Customers Are Saying

/

Everyone we came across at the company made our process a lot less stressful. They answered all our questions and made sure we handed everything that needed to be handed in on time. Thanks!

Paul K. / Homebuyer, NJ

We highly recommend Family First as they are an amazing team, efficient, honest and always available! Not only would I recommend Family First to my clients, I do use them for our family's mortgage needs!

Lisa C. / Real Estate Agent, FL

Great service, very professional. Highly recommended!

Christofer V. / Homebuyer, TX

Expertise, open communication at all times, and complete confidence knowing that my Buyer was wonderfully serviced and their loan would close!

Laure M. / Real Estate Agent, NJ

It was a smooth process from start to finish and I appreciate the time each of them took to answer any questions I may have had with respect to the process, the paperwork, etc. They were all incredibly kind, helpful, and responsive no matter how small the question may have been, and as a first time homebuyer I am very grateful for that.

Jessica S. / Homebuyer, NJ
grid
Our resources

In the news Today

/
Find a Loan Officer