Turn 'almost perfect' into the home of your dreams

With a purchase plus improvements mortgage, you can renovate now and pay those renovations off over time as part of your mortgage. How does this work?

  •  An appraiser will determine both the current value of the home and the future value once the renovations are complete.
  • Your minimum down payment will be based on the lesser of: the purchase price plus the cost of improvements, or the future value of the home.
  • The cost of renovations is added to your mortgage and paid off with your mortgage payment.


Important note: You will need to pay for the cost of renovations upfront. Once the improvements are complete and inspected, the funds are reimbursed to you.

Want to learn more about how purchase plus improvements mortgages work?

Our purchase plus improvements infographic was designed to help you understand each step of the process. It includes information on:

  • How and when the renovations are paid
  • What renovations can be done
  • How much your down payment will be


Someone from our office will personally get in touch with you within 1 business day.