Find out how to get a home loan and finance the work yourself, while enjoying the best rates.

Can you get a mortgage with work yourself?

Many people choose to buy old buildings or have them build their own, real estate acquisition projects that take time but also require custom financing, to meet different needs. . As part of a home loan, the banker will generally include a sum dedicated to the acquisition, it is simply the price of the house and the related costs (notary, administration fees, guarantee) but it will also provide an amount for the reserved works, that is to say the works necessary for the rehabilitation of the property. In the framework of work carried out oneself, that is to say without resorting to a professional, it is possible to finance the purchase of the materials because in a mortgage, it is essential to justify the sums wanted by documents supporting documents: estimate, purchase order, etc. If the work is carried out yourself, an estimate for the purchase of materials will be necessary to validate the amount of the loan.

Properly calculate the work done yourself

When applying for a home loan, a study is carried out by a bank advisor to first ensure that the project is achievable. This study will be based on the amount of real estate to buy and the need for work, that is to say the amount needed to carry out the renovation and rehabilitation of the housing. It is important to correctly quantify this amount, that is to say to plan all expenses in advance because if the amount is changed during the study, the bank adviser will have to review all his calculations, which necessarily delays obtaining funding. It is therefore advisable to go around the house and quantify each item one by one, it is better to plan large rather than not planning enough, otherwise, it would be necessary to redo a work loan later, which is not always financially feasible. To overcome any eventuality, it is possible to be accompanied by a professional in the costing of the work in order to aim as accurately as possible in the purchase of materials. The bank adviser may inform the buyer of the debt limits and the terms of reimbursement offered. Note that this data is automatically calculated during the online simulation.

How to get your mortgage with the work?

The best solution is to file a mortgage application online, specifying the amount of the loan and the estimated amount of work. This makes it possible to probe the credit establishments offering precisely real estate acquisition financing with works carried out by the inhabitants. The simulation thus makes it possible to receive several financing proposals and to be able to choose the best offer, including in terms of amount, duration and rate. It is a service offered free of charge and without obligation.