Rehabilitation Loans

Have you found a home that would be perfect with a few renovations?  Or perhaps you are considering expanding your current home, or renovating your bathroom or kitchen.  If any of these possibilities are in your future, ALCOVA's Home Restore loan may be a good option for your renovation needs.  With this loan you can do any of the following:

  • Obtain the funds available for your home improvement all in one loan closing
  •  Financing based on the as-completed value of the home
  • Buy or Refinance a home with up to four units
  • Finance up to $35,000 worth of home repairs or improvements

The Home Restore loan provides financing and funds for the cost of renovation in one easy loan closing process to qualified borrowers.  If you qualify, you will receive a cost-effective, single-close loan option that enables you to remodel a kitchen or bath, repair a roof or make other important improvements to an existing or newly purchased home that needs renovation.