If you have found the perfect home, but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.
An FHA 203(k) Loan, also called a renovation loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.
The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.
Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.
How to Get Started
You may be able to purchase a home and roll the costs of the renovation into your loan. Fix up your fixer-upper home with a rehab loan!
I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs. Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.
I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs. Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=1c05a519-0c91-4f75-a23b-705b71eb98e1Michelle DavisMortgage BankerNMLS ID: 2145051651-955-3472Email Michelle About Michelle
I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs. Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=31e56a8e-e93b-4e5c-b881-f3cff1b09fc2Gloria GleasonDirector of OperationsNMLS ID: 2192218612-214-2541Email GloriaAbout Gloria
I’m here to answer any questions you might have about our products and services. Feel free to contact me to discuss any of your mortgage needs. Your mortgage journey begins here. Getting started on the purchase or refinance of your home is just a few minutes away. No commitment needed.
Jamie began his mortgage career in 2000, after earning a degree in Economics from NDSU — which set him up for success in the industry. He found his passion helping people navigate through the mortgage process and enjoys providing people with information and advice to find the best loan for their situation. Jamie enjoys running his two boys to their various sporting, scouting, and church events along with his wife of 18 years. He also serves as a volunteer with the local Boy Scout Troop. In his spare time, Jamie likes to take his family camping, hiking, biking, and boating in the great outdoors.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=eb031764-7e0f-4198-a46c-9c687a93eca2Kristy JerzakAssistant Vice President & Branch ManagerNMLS ID: 1092482320-857-2521Email Kristy
I have enjoyed working in banking for over 10 years, I specialize in helping our consumer and business customers accomplish all of their financial needs. I bring knowledge and experience from Wells Fargo and MidCountry Bank. I decided to broaden my horizon and jumped into some training on mortgages so I can help assist our customers with their home buying needs as well. I am originally from Alexandria, MN but moved to Litchfield, MN after I attained my Bachelor’s Degree in Business Management. I have two young boys and a few cats who keep me busy in my free time. I enjoy the outdoors and spending time on the lake. I pride myself on building relationships with my customers. Please feel free to reach out to me for all of your banking needs.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=7792260e-922c-4e41-aa95-16644944e8aaTom MeckeySVP of GrowthNMLS ID: 1915268St Louis Park612-843-5744
Cell: 612-327-8303Email TomAbout Tom
Tom Meckey is a 20 year veteran of the Real Estate Industry specializing in residential home sales, corporate relocation, and new construction. Prior to entering the real estate industry, Tom worked in IT and Software Sales. He has a degree in Information Science from the University of Pittsburgh. Tom lives in the Lynnhurst Neighborhood of Southwest Minneapolis with his wife and two kids. Tom serves as Board Member at the Southwest Minneapolis Business Association. He is a youth basketball coach with the Minneapolis Lakers and Washburn High School in Minneapolis. He also volunteers his time as an adult leader with the confirmation program at Bethlehem Lutheran Church. Tom leads Grove Bank Mortgage’s Partner Agent program, working with some of the best real estate agents in the business, delivering an unparalleled borrower experience by navigating the complex world of the real estate transaction. Because of his deep knowledge and understanding of the life of a real estate agent, his insights enable Grove Bank Mortgage to better serve agents, enabling them to better serve their clients.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e6dde3e1-b06d-42f7-b08a-c732bd2000a1Jason RoaldsonBranch Sales ManagerNMLS ID: 308253612-310-3113Email Jason About Jason
Jason is a 20 year veteran in the financing industry and has worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. He believes that trust is the most important ingredient in the relationship between client and he, which is why he focuses on transparency with clients so they understand from where all of the numbers in their transactions are derived. When trust is high, stress is low, and purchases close on time. Jason holds himself accountable in all that he does. He is committed to serving you, committed to excellence, and committed to your 100% satisfaction.
https://prod.lendingpad.com/grove-bank-corp/pos#/?loid=e1260ef3-679a-4b2f-80db-7a547e7c5322Brian WellmanMortgage BankerNMLS ID: 228856612-791-6380Email BrianAbout Brian
Brian is a 30-year veteran in the real estate industry. Since 2009, he has worked as a mortgage professional. He is committed to unsurpassed customer service. To begin the process, he likes to ask questions and be inquisitive. Only then can he get a good sense of his customer's needs, wants and desires. He also firmly believes it's important to have a conversation with every customer about payment comfort and how the new housing payment fits in their present and future financial plans. When assisting a customer with their home's financing, he’s not only working with one of their largest personal financial investments but also handling one of their biggest dreams. Since he works with matters so close to his customer's hearts, he serves them from his with honesty and integrity. Married in 1991, Brian and his wife have two adult children. When not at his TH in Victoria, Brian can be found at his lake home on Lake Vermilion.
