In today’s ultra-competitive housing market, winning the bid on a home often comes down to speed and flexibility. Sellers want clean, quick closes. That usually means buyers can’t use traditional renovation loans — too much red tape, too many delays.

But what if you didn’t have to choose between closing fast and buying the home you really want?

Introducing the Renovation HELOC from Northeast Financial — a game-changing solution designed for this exact market.

Close Fast, Renovate Later

Our Renovation HELOC lets buyers purchase now and renovate later — without the stress and delays of traditional renovation loans. Unlike FHA 203(k) or Fannie Mae HomeStyle loans, this product requires:

✅ No HUD consultant
✅ No draw or inspection schedules
✅ No delays due to 3rd-party approvals

You close like a traditional deal, then tap into funds after closing to make the home exactly what you want.

How It Works

Our Renovation HELOC is based on the After-Repair Value (ARV) — so you can borrow up to:

• 95% of the home’s after-renovation value

• Or 125% of its current as-is value (whichever is lower)

That means even if you’re buying a fixer-upper for $500K, you could get approved for $100K–$150K in renovation funds right out of the gate — no waiting period required.

Key Benefits Buyers and Realtors Love:

🔨 Take on major renovations — including projects over $250,000
🗓️ No 12-month deadline — take your time and do it right
🏠 Perfect for adding an ADU — whether it’s for an aging parent or extra rental income
📈 Increase property value immediately — with updates that build equity from day one
💡 Interest-only payments for the first 10 years — more flexibility with your monthly budget

For Buyers: Stop Settling — Start Dreaming

This program opens the door to homes you might otherwise overlook. Skip the crowded, overpriced turnkey listings and focus on hidden gems that need a little love. You’ll likely face less competition — and you can still turn that house into your dream home after you move in.

For Realtors: A Winning Edge

Use the Renovation HELOC as a powerful sales tool to:

• Help buyers compete with cash offers by keeping contracts clean

• Open up inventory by showing homes that need work but have great potential

• Promote this product at open houses to attract buyers with vision

• Help clients build wealth through smart renovations

Real-Life Example

A client buys a home for $500,000. After just 5% down, their first mortgage is $475,000. Based on their renovation plans, the future value of the home is estimated at $650,000. That unlocks up to $142,500 in potential renovation funds — with no wait, no draws, and no fuss.

Let’s Turn More “Maybe” Homes Into “Dream” Homes

The possibilities are endless with our Renovation HELOC. Whether you’re a buyer searching for your perfect space or a Realtor looking to give your clients a competitive edge, Northeast Financial is here to help you win the offer — and make that home everything it should be.

Ready to learn more or get pre-approved? Let’s talk.