• Improved limit amount borrowed regarding $50,000 of $24,999
• Build several months longer to 12 months off 3 months to let home owners additional time to get top quality designers and have the work completed
• Removal of requirement for mortgage pre-approval; members commonly use really for a loan when they was deemed eligible because of the Program Navigator and have now received a property evaluation
• Removal of significance of a comprehensive really works extent ahead of financing approval; changed by the 1) domestic analysis and you may 2) Program Navigator supervision off loan pulls
• Capability to spend contractors up to fifty% away from projected costs upfront rather than just 29%

Univest Financial and you will Trust Co. are happy to your relaunch of your own Repair, Repair, Renew system and proud so you’re able to once again feel helping since the a financing mate, said Dana Brownish, Chairman from Individual Attributes getting Univest. Univest was seriously interested in providing back and a good way we manage which is from the help software and you can teams that will be and then make a beneficial difference between local teams across the city. To the tall changes to the RRR system, i enjoy permitting promote affordable financial options to actually alot more Philadelphia property owners.

Just like the a bank intent on the individuals we serve, we simply take higher pride within the offering characteristics that will help our very own consumers to-do its monetary goals, said Steve McWilliams, Field President for Metro Philadelphia, Republic Financial.