VA Renovation Loans

VA Renovation Loans in Vermont

Mansfield Mortgage is your local expert on VA renovation loans in Vermont. VA loans are mortgage loans in the United States guaranteed by the U.S. Department of Veterans Affairs (VA) and can be utilized by United States veterans, service members, and their families. VA renovation loans are a new loan product that allows those who qualify for a VA loan to borrow additional money to be used in the renovation, repair or improvement of a new home. Contact Mansfield Mortgage to learn more and apply for a VA mortgage loan!


With move-in, ready homes being at the top of many homebuyer’s budgets and fixer-uppers requiring additional tens of thousands of dollars for renovations finding the perfect home within your budget can seem like an impossible task. Even if you are ready to take on a fixer-upper locking down a operate loan for renovations can be costly and time-consuming.

VA renovation loans take much of the extra work needed to secure a separate loan for renovations our of the equation. VA renovations loans allow veterans and their families to apply for up to an additional $35,000 on their home loan for renovations, improvements, and repairs. This is an amazing option for Veterans looking to purchases a fixer-upper as it allows for renovation costs to be covered under the same unbeatable interest rates that can be acquired with a standard VA loan.

The VA renovation loan is offered to help a home on the market reach the standards required to qualify for loan financing under a standard VA home loan. Due to the fact that the extra amount added to the base loan will be utilized for repairs and improvements acquiring a VA renovation loan can be somewhat challenging. With years of experience assisting Veterans and their families acquire a VA loan Mansfield Mortgage can help navigate the many steps needed to add on the renovation loan

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  • Can be used only for minor home remodeling only. May not be used for structural repair.
  • Can not be used to cover remodeling costs which exceed $35,000. There is no minimum amount in remodeling costs to utilize this loan.
  • The borrower or borrowers must first qualify for a standard VA loan.
  • The borrower or borrowers can not own more than four properties.
  • The borrower or borrowers cannot have more than one open loan for remodeling purposes.
  • Uninhabitable, condemned, and boarded-up homes cannot qualify.
  • This loan may be utilized for one-unit homes, townhomes, and manufactured homes. Condominiums must pass a sperate qualification process.
  • Homes must have been completed and issued a certificate of occupancy to qualify. Homes that have not been completed cannot qualify.
  • Homes with safety and or health issue cannot qualify.
  • The contractors contracted for remodeling must be insured and licensed. Contractors also must be in possession of a valid and legitimate VA builder identification number.
  • Remodeling must begin within fifteen days after home closing.

Contact Mansfield Mortgage to learn more and apply for a VA mortgage loan!

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