今天的房地产市场依然火热, 以及密歇根州西南部有限的住房库存的挑战. 可买的房子更少了, 竞争很激烈, 找到一个完美的家变得越来越困难. 因此，市场上的许多房屋已经老化或过时. The popularity of “Country Oak” kitchen 橱柜 and the trim of the 1990’s has faded. Buyers in the current market prefer white or 油漆ed 橱柜 and trim.

You might find a house in the perfect location in the perfect school district, 但房子急需更新, 并且可能没有你清单上的一些特征. Think about the before and after images on your favorite HGTV renovation shows. But how do you buy the home, put money towards a down payment, and pay for the renovations? 对于许多资金有限的人来说，这可能是一个障碍.

Renovation financing from Arbor Financial can help you purchase that dated house in an excellent location and turn it into your dream home. 

买一套待修房屋的好处

The advantage of buying a fixer-upper is your ability to purchase a home at a lower price and make it your own. 也许你想要一个特定的功能或外观, and you could find an older home that will allow you customize it to your liking. 当你处于一个竞争激烈的市场, 就像我们现在, you will generally find less competition for fixer-uppers as most people don’t want to bother with renovation work. Another advantage of buying a fixer-upper is your ability to build equity quickly by adding instant value to your home after the remodel is completed.

什么是装修贷款?

A renovation loan gives homeowners or prospective homeowners the funds needed to fix, 更新或翻新他们的家. Whether your home needs small cosmetic updates or larger more complex renovations, 就像一个房间, 新车库, 或者完全改造, Arbor Financial有装修贷款选项，可能是您的解决方案.

• 化妆品更新. The purpose of the Arbor Financial renovation mortgage is to help borrowers buy a home as well as fund home improvements while having only one mortgage payment. 它是这样运作的:你找到一栋售价150美元的房子,000, 你打算投50美元,000美元用于维修和升级. So, your renovation mortgage can be for up to 97% of the home purchase price plus repairs or in this case $194,000*.

The Arbor Financial renovation mortgage is designed for non-structural and cosmetic improvements up to $50,000 (e.g.. 油漆, 地毯, 台面, 橱柜, 站, AC /加热, 加强残疾人无障碍设施, 窗户或新屋顶). 如果你想增加一个额外的家庭, 打破壁垒, or other structural upgrades then a construction renovation loan would be the way to go.

• 建筑改造. When you are considering a more extensive renovation--one that costs more than $50,000或涉及结构工作(添加), 删除墙, adding a garage)--then the Arbor Financial construction renovation loan can help you.

如何利用装修贷款作为议价工具

If you find a home and it has been on the market for a while because it needs costly repairs like a new roof or new heating system, 而且卖家不愿意付修理费, 你当然可以用这个作为讨价还价的工具. Let’s say the seller is asking $200,000, and it needs a new roof at a cost of $18,000. If the seller is not willing to pay for the new roof you could bargain with them to sell for $182,并支付屋顶的费用，作为装修贷款的一部分.

装修贷款的收益

The biggest benefit of Arbor Financials renovation loan is how quick you can access the funds compared to government backed FHA renovation loans.

你怎样才有资格获得房屋装修贷款

才有资格申请Arbor金融翻新贷款, 公寓, 或人造房屋必须是您的主要住所. You can however purchase a 2-unit duplex as long as you occupy one of the units. You can borrow up to 97% of the total cost of the home and upgrades (slightly less for manufactured homes). Second homes will also qualify up to 90% of loan to value with a credit score of 700 or greater. 非结构工程的改善费用高达5万美元.

最好的办法就是和你的 本地按揭贷款人 who can run several scenarios for you and help provide you with the best mortgage solution. So, 是的, the housing market is challenged with low inventory but don’t let this stop you from creating your dream home! 打电话给我们讨论你的下一个修复或翻新项目269.544.3105.

*以评估价值为准.