Thinking about buying a home that needs a little bit of work?

The Purchase Plus Improvement program allows the homebuyer(s) to purchase a property and include the cost of the improvements in their mortgage financing. Improvements such as kitchen and bathroom renovations, hardwood floors, windows, painting, etc. all qualify. Generally anything that will improve the value of the home is acceptable. This program is also very good for homes that might require improvements that are more functional in nature, such as a new roof or a new septic system.

• Eligible for homebuyers with as little as 5% down payment.

• Eligible for conventional mortgages with 20% down payment or more.

• Eliminates the need for a purchaser to obtain financing after the purchase to do the work, which can often be at a higher interest rate and/or higher payment.

• Allows a purchaser to look at homes which they might not have considered otherwise i.e. older homes in established neighbourhoods that may require updating.
• Allows the purchaser to put their own stamp on a property.

Click here to read more about our Purchase Plus Improvements program!