Purchase and Renovate
Work with your community real estate professional and local community bank to buy and renovate in your hometown!
- For primary and second-year round 1-4 family homes
- Up to $35,000 cash available for home renovations
- Borrow up to 89.9% of the cost to purchase and renovate
- 7/1 Adjustable Rate Mortgage
- Term is 30 years or less
- No mortgage insurance required
Call your hometown lender or visit our online mortgage center at nbmvt.com to get started and get pre-approved.
Maximum loan amount is $417,000. Satisfactory appraisal, subject to completion is required. Interest rate and terms are subject to change. Applications are subject to credit approval. No penalty for prepayment. A licensed professional for renovations may be required. Program is also available for refinances with renovations. Other programs available for larger renovation projects.