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 $100,000 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.

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Maximum loan amount is $647,200. 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.