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Home Enhancer Mortgage

If the home you want to purchase needs repairs or remodeling, this special home mortgage loan may be the best choice for you. Spencer’s Home Enhancer mortgage allows you to purchase or refinance a property plus include in the loan amount the cost of making the repairs or improvements. Increase your borrowing power by basing your loan amount on your “after completion” value.

Home Enhancer Mortgage features:

  • Borrow Up To 30% of “Improved” Value
  • Fixed and Adjustable Products Available
  • Option to Roll Renovation/Permit Fees into Mortgage
  • No Income Limitations

Eligibility Requirements:

  • Property Must Be Located in Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Sussex or Union County
  • Owner-Occupied 1-4 Family Homes, Single Family Vacation Homes and Investment Properties Eligible

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Jim Harilaou

Mortgage Sales Representative
NMLS# 519891
1-201-703-3800 ext. 8336