Community Renovation Mortgage
Fidelity Bank’s Community Loan Program for Renovations. Financing solutions designed for you.
Looking at homes that need some work, but don’t have the cash to renovate?
Fidelity Bank can provide you with cash to purchase and renovate your next home right away!
With our exclusive LifeDesign Community Renovation Mortgage, Fidelity Bank offers qualified borrowers financing with cash available to rehabilitate and renovate property. Our Home Loan Specialists get to know you and your individual needs to find the best financing solution to get you where you want to be.
Get Cash to Improve Right Away
- Purchase and renovate all in one loan
- Refinance and renovate your existing home
- 95% LTV (Loans exceeding 80% LTV require PMI
In-House Servicing and Underwriting
- Local appraisers and attorneys
- Seller concessions up to 9% allowed*
- Single family and second home
- Minimum funds for renovation: $7,500
- Minimum down payment requirement: 5% with PMI