About Mark Vernon
In today’s market, finding your perfect home can be a challenge. But with our renovation loan programs, homebuyers can expand their options by including the cost of potential repairs into their mortgage. As a dedicated renovation specialist, I’ll assist you throughout the process, and many home types may be eligible including owner-occupied properties, second homes or investment properties. Best of all, as a homebuyer, you can unleash your imagination and transform any property to achieve its true potential. Why choose a renovation loan? Renovating a fixer-upper can be the best strategy for finding the perfect home when there aren’t many options on the market. Homebuyers can fix a flawed property in the perfect neighborhood, while homeowners can enhance the value of their home without draining their savings. The benefits of renovation loans include: • Low down payment, low fixed rate and a one-time close • Up to 6 months of mortgage payments may be financed into the loan to alleviate the worry of house payments during construction • Includes complete renovations such as kitchens, bathrooms, additions and garages • On major renovation projects, a consultant will oversee the process and act as a project manager to protect the homeowner Contact me today to learn more about what projects are eligible for renovation financing Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Rate for current rates and for more information.
We can make it happen!
Bank Statement loans
Self-employed? Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without tax returns, W2s or pay stubs.
Foreign National loans
Not a US Citizen? Foreign National loans are available without a social security number, green card, or visa and do not require a FICO score.
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Located at 1111 Military Cutoff Rd, Suite 191 Wilmington NC, 28405
*Rate's 5-minute pre-approval refers to an automated underwriting review of borrower submitted loan documentation and subsequent pre-approval and should not suggest to a borrower that Rate has fully funded or approved the borrowers mortgage application within 5 minutes. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Restrictions apply.
**Rate's Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to Rate within 24 hours of locking a rate on a mortgage loan the opportunity to receive a loan approval within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Rate reserves the right to revoke this approval at any time if there is a change in your financial condition or credit history which would impair your ability to repay this obligation. Read and understand your Loan Commitment before waiving any mortgage contingencies. Borrower documentation and Intent to Proceed must be signed within 24 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Not available in all states. Restrictions apply. Visit rate.com/same-day-mortgage for terms and conditions.
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