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VA Renovation Program – Home Improvement & Grants | 3 Hours CE

February 26 @ 10:00 am - 1:00 pm

Session 3/3

Through VA renovation loans, borrowers can finance both the purchase price and necessary repairs, or refinance and repair an existing home. But it’s also important to understand the limitations of this special loan option, including that it can be difficult to find lenders that make them.

Borrowers using a VA renovation loan must meet the basic VA loan service requirements and have a valid Certificate of Eligibility. Credit scores vary by lender, but you’ll typically need at least a 660 mortgage credit score.

In addition to the basic VA loan requirements, a renovation loan will also require that:

The home must be your intended primary residence (once repairs are complete).
Your renovations need to improve the home’s livability, use, and safety (not just aesthetic value).
Your contractors and builders must have a valid VA builder identification number.
All construction must be completed within 120 days of your closing date.
The property must pass the VA appraisal and meet all minimum property requirements upon completion.

If you’re refinancing, you can have no more than a 90% loan-to-value ratio. You also must have been in the home at least 12 months.

Here’s what you can do:

– Repair or add new windows, doors, or siding
– Repair or add new roof or gutters
– Install new HVAC systems or water heaters
– Improve insulation
– Weatherize
– Treat mold, lead paint, or mold
– Make updates to improve energy efficiency
– Repair or replace the flooring
– Repair or replace electrical or plumbing systems
– Accessibility updates

In general, the project has to improve the property’s livability and value and must become a permanent part of the home.


(This class will be live video streamed via Zoom. If you are not already familiar with the Zoom platform, please try and familiarize yourself prior to the class. Click here to contact us if you have any questions.)


February 26
10:00 am - 1:00 pm
Event Category:


Online Only
GA United States


Cathy McDaniel
770-495-5050 Ex. 1600