Breathing New Life into Homes: A Conversation with Jeremy Drobeck and Contractor Ramon Huerta
In our latest video, we sat down with Jeremy Drobeck, a Loan Officer at Treadstone Mortgage, and Ramon Huerta, a local contractor, to discuss the exciting possibilities of renovation financing. We explored how these loans can help homeowners breathe new life into older homes and how the process works.
The Power of Renovation Loans
Renovation loans offer a unique solution for homebuyers looking to purchase properties that may need some TLC. Instead of having to secure separate financing for the purchase and the renovations, these loans allow you to combine both costs into a single mortgage. This simplifies the process and makes it easier to budget and plan.
The Renovation Loan Journey
- Get Pre-Approved: The first step is to get pre-approved for a renovation loan. This will give you a clear understanding of your budget and allow you to shop for a home with confidence.
- Find Your Dream Property: Once you’ve found the perfect property, it’s time to connect with a qualified contractor like Ramon.
- Obtain a Detailed Estimate: Ramon will conduct a thorough assessment of the property and provide a detailed estimate of the necessary repairs and their costs.
- Secure Your Financing: With the renovation estimate in hand, you can finalize your loan application with Jeremy and his team at Treadstone Mortgage.
- Closing Time: Once approved, you’ll close on the loan and officially become the homeowner.
- Renovation Begins: The contractor will then begin the renovation process, transforming your property into your dream home.
The Benefits of Renovation Loans
- Convenience: Streamlines the financing process by combining purchase and renovation costs into a single loan.
- Flexibility: Allows you to customize the property to your exact specifications and take care of any appraiser required repairs.
- Potential for Increased Equity: Renovations can significantly increase the value of your home, building equity faster.
Ready to explore renovation loan options? Contact Treadstone Mortgage today to schedule a consultation with Jeremy Drobeck (269) 360-7109.
Let’s make your homeownership dreams a reality!
Latest Blog Post
Unlock Your Dream Home: The Power of VA Renovation Loans
For veterans and active-duty military personnel, the dream of homeownership often comes with unique considerations. Finding the perfect home that meets all your needs and preferences can sometimes feel like a challenge, especially when inventory is tight. But what if you could purchase a home with untapped potential and tailor it to your exact specifications, all with the backing of your VA benefits? Enter the VA Renovation Loan – a powerful tool that can turn fixer-uppers into your forever home.
What is a VA Renovation Loan?
A VA Renovation Loan, allows eligible veterans, active-duty service members, and surviving spouses to finance both the purchase of a home and the cost of necessary or desired renovations in a single mortgage. This eliminates the need for multiple loans and streamlines the process of creating the perfect living space. It also opens up endless possibilities with home choices. All those houses they said won’t pass a VA appraisal, the VA renovation loan is the hack for that!