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WebOct 8, 2024 · 1. RenoFi Loan. How They Work: A RenoFi Loan is a new type of renovation loan that combines the best elements of a construction loan with a home equity loan. … WebOct 4, 2024 · USAA will conduct a mortgage review beginning in 2024. VA loans can be used for both new construction and home purchases, according to USAA. Because of USAA’s military membership, VA loans with a down payment of 0% are its primary product for first-time home buyers. WebIt lets homebuyers and homeowners borrow an extra $35,000 through their mortgage for home repairs and improvements. For programs in your community, contact: Your local or county government housing department. Your state Department of Housing and Urban Development (HUD) office, or. kipling saskatchewan weather