T: (612) 327-8303 E: [email protected]

A Loan that helps you Move and Improve

Grove Bank Portfolio Loan

Buy your next home first, sell your existing home later.

IMPROVE YOUR HOME TO FIT YOUR LIFE

Learn how Grove Bank helps homeowners and buyers get the most out of their homes

By using your home's existing equity, Grove Bank makes investing in your home simple and reduces the stress of a renovation and home sale at the same time. Whether you are buying a new home that needs updates to match your family's lifestyle or want to ensure you get top dollar for your current home before you sell, Grove has you covered. Grove Bank structures a loan package that will ensure you only have one mortgage and releases the equity in your current home to make improvements.

HOW IT WORKS

Find the home that is right for your family

  1. Pay off your existing mortgage with a portfolio loan with a 1-year duration, up to 80% of the existing home value.
  2. Use available equity for your down payment on your new home and your renovation budget.
  3. Obtain a traditional mortgage for your new home at market rates. We have many loan options available through Grove Bank.
  4. Make improvements on either your current or new home.
  5. Move when you are ready.

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This communication is provided to you for informational purposes only and should not be relied upon by you. The owner of this site is not a mortgage lender and you should contact Grove Bank directly to learn more about its mortgage products and your eligibility for such products.

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The more information you have at your fingertips, the more confident you'll be that it's the home for you. His unique tools give you more when looking for your next home. More data. More properties. More neighborhood information. And more resources once you land on the right property for you.

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T: (612) 327-8303

E: [email protected]