07/10/2026
Can a home that needs major work still be financed? Sometimes, yes đđĄ
For the right buyer, a purchase plus improvements mortgage can be a great option. It allows the lender to finance the home plus approved repair costs, so major items can be addressed after closing without the buyer paying fully out of pocket upfront đ¨đ°
It does come with conditions â quotes, lender approval, and qualification all matter â but in the right scenario, it can be a smart way to make a property work for a first-time buyer!