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Finance Vendor Details

VA Renovation loan by imortgage
Lender: Loan Depot LLC
Contact Information
Website: www.imortgage.com/roland.macias
Phone: (562)924-9707
Email: roland.macias@imortgage.com
Property Types
Program Description
In conjunction with LoanDepot, LLC, imortgage offers homeowners and buyers up to an additional $35,000 to repair, improve, or upgrade their home as part of VA-insured home mortgage. Upgrades can include energy efficient upgrades and cosmetic repairs such as flooring, kitchens, and baths. Single-family properties and multi-family properties up to 4 units are eligible for financing.

In conjunction with LoanDepot, LLC, imortgage offers homeowners and buyers up to an additional $35,000 to repair, improve, or upgrade their home as part of VA-insured home mortgage. Upgrades can include energy efficient upgrades and cosmetic repairs such as flooring, kitchens, and baths. Single-family properties and multi-family properties up to 4 units are eligible for financing.
Verified by Lender on: 9/21/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Secured
Financing & Payment Information
Term (years):
15
Minimum Amount:
$5,000
Maximum Amount:
$35,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy-related projects
Funds other non-energy projects
Other Program Requirements
Financing Approval Time
Immediate- Preliminary
Equity in Property Needed
No

Financial Products

Lien type Secured loanSecured loan
Re-Payment Method Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)
Property Types
Automatic payment option available YesYes
Requires utility incentive program participation NoNo
Must use Program's pre-approved contractors NoNo
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $5,000 - $35,000$5,000 - $35,000
Financing Term (yrs.) 15 year(s)15 year(s)
Rate Market RateMarket Rate
Money Down Required? NoNo
Credit Enhancement Available No
Transferrable NoNo
Prepayment Penalty or Fee NoNo
Tax Deductibility NoNo
Minimum Credit Score Required
Equity in Property Required NoNo
Debt to Income Ratio Required YesYes
Involuntary Property Liens Allowed NoNo
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement NoNo
Must be current on property taxes NoNo
Must be current on mortgage NoNo
Loan to value
Debt Service Coverage Ratio NoNo
Financing Approval Time Immediate- PreliminaryImmediate- Preliminary
Projected Energy Savings/Cash Flow is considered NoNo
Must be current on utility bill NoNo

Upgrades Covered

No Results

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