Looking to renovate your new or existing home?  Do you need handle repairs that an appraiser is requiring?   The HOUSE Team offers several renovation and escrow hold-back home loan options to rehab and renovate your Arizona home.

Both Renovation Loans and Escrow Hold-backs help finance repair costs. Also, both allow for repairs / renovations to occur post closing. However, Renovation Loans and Escrow Hold-backs vary in many ways.

Renovation Loans

Renovation Loans are designed to finance larger scope and higher cost projects. For example, remodeling a bathroom, adding square footage or even building a new pool.

Escrow Hold-back Options

On the other hand, Escrow Hold-backs work best for more minor and less costly repairs. For example, fixing minor roof repairs, replacing broken windows or fixing an air conditioning unit.

One comment

Comments are closed.