Purchase Plus Improvement Mortgage
Buy & Renovate with One Loan
Found your dream home, but it needs some TLC (Tender loving care)? A Purchase Plus Improvement mortgage lets you buy the home and finance renovations in one easy mortgage, so you can move in and start upgrading right away. No juggling multiple loans or high-interest credit cards just one manageable payment.
How It Works
With a P+I mortgage, you can:
- Finance both the home purchase and renovations in a single mortgage
- Renovate your kitchen, bathroom, basement, or even add a deck or extra room
- Spread the cost of renovations over your mortgage term for affordable monthly payments
You’ll need quotes from contractors for the planned work, and the lender will review the renovation plans. Once approved and your renovations are complete, the funds are released so you can pay your contractor.
Benefits of a Purchase Plus Improvement Mortgage
- One Mortgage, One Payment – Simplify your financing
- Competitive Rates – Much cheaper than personal loans or lines of credit
- Flexible Renovation Funds – Cover structural improvements or cosmetic upgrades
- Immediate Renovation Access – Start improvements once your mortgage is finalized
- Boost Your Home Value – Renovations can increase property value quickly
Ready to Start?
Apply Online – Quick, stress-free application to get your home and renovations financed Apply Today
With a Purchase Plus Improvement mortgage, you don’t just buy a home you build your dream space from day one. Move in, renovate, and enjoy the home you’ve always wanted.
