Sometimes you find your dream home... only to realize that it will need some TLC. But you may not have the cash on hand to plan for those renovations. That's why we developed the PROSPR Mortgage Loan, which is a great option for first-time homebuyers.
Why would I want this loan?
- Wrap the financing for your home improvements into your mortgage loan
- Access a more affordable home plus the funds to make necessary renovations
Who is this loan for?
- People who want to buy a fixer-upper for their primary residence but don't necessarily have the funds on-hand to make the improvements
Loan Features
- The future value of your home purchase is taken into account during underwriting using what's called a "Subject To" appraisal
- Secure financing for home improvements at the time of purchase
How can I apply for this loan?
Contact any member of our Mortgage Team for more details!
- Call 540-339-3868
- Email mortgages@freedomfirst.com
- Directly reach out to any one of our Mortgage Loan Officers
- Fill out our mortgage contact form
Frequently Asked Questions
Looking for some additional assistance about home loans? See if our FAQs can help!
Down Payment Assistance
We have a variety of down payment assistance programs for people of all walks of life. Speak with one of our experts today to see if you qualify for one of our programs.
Certain conditions and/or restrictions apply. For more details, please contact one of our Mortgage Loan Originators directly. All information provided on this web page is for educational purposes only and is subject to change at any time without notice. For the most up-to-date and accurate terms, conditions, and rates on any given product, please contact Freedom First directly.
We're Here to help.
Our local mortgage experts are just a call or click away if you have any questions about buying or refinancing a home!
Note: The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. Visit https://www.consumerfinance.gov/hmda.