Renovations
If you already own a home, NeighborWorks® Resource Group has a variety of products and services designed to give your home a new lease on life, helping you maintain the value and potential of your significant asset.
Home Improvement loans: NeighborWorks® Resource Group assists homeowners in Richmond and the state of Virginia with home renovation loans. Loans are available with competitive market interest rates, flexible terms, and creative underwriting guidelines.
Neighborhood Ownership Works (NOW) loans:
NOW loans are a first mortgage product that allows home owners to purchase or refinance and rehabilitate their home. Homeowners are able to borrow up to one hundred twenty percent loan to value. This allows homeowners in depressed real estate markets to borrow above appraisal to conduct much needed repair and renovation to their homes. This offer can be combined with down payment and closing cost assistance.
Construction Management: Further, in addition to providing the money necessary to make repairs, NeighborWorks® Resource Group provides Construction Management Services to give you a hassle free experience.