Date: August 2, 2022

House shopping is both an exciting and stressful time in most people’s lives. You’ve probably made a list of “must-haves” and are struggling to find a home that meets all your criteria. By keeping an open mind for potential renovations, finding your perfect home isn’t impossible!

Renovations are a great way to turn a house into a dream home. Whether you’re thinking about a major home renovation or a small project, Westoba’s Purchase Plus Improvements (PPI) mortgage program makes it easy to finance your home and the renovations it requires.

PPI is ideal for individuals looking to purchase a home that requires renovations – especially if their savings are earmarked for their down payment and closing costs.


We sat down with Westoba member, Stacie Bourgeois, to learn more about her recent experience with PPI.


What made you consider Purchase Plus Improvements?

Stacie: Our mortgage specialist first made us aware of the program during our pre-approval process. We had no idea a program like this existed and it completely changed the way we looked at house shopping because we knew we had access to funds to tackle projects right away!

What sort of renovation did you undertake?

Stacie: We ended up buying a house with a basement that needed a complete overhaul. We stripped it back to the cement walls and re-did everything including: window upgrades, adding a bathroom, a new laundry room, and fourth bedroom.

Are you happy you tackled the renovation right away?

Stacie: So happy! While it was a lot of work, it meant that we could enjoy the finished product even sooner. We now have a fantastic space that our family uses every single day.

Would you recommend PPI to other house hunters?

Stacie: Absolutely. Finding the right home is really stressful. This mortgage program gives you the ability to turn an almost perfect home into the home of your dreams.

How Purchase Plus Improvements Works:

PPI combines a home improvement loan with your mortgage, in one convenient transaction. This helps qualified home buyers make their new home just right for them immediately after taking possession, just like Stacie and her family did.

The Benefits:

  • No additional savings set aside for renovations needed;
  • Make improvements immediately upon possession;
  • Only one manageable payment per month;
  • Immediately increase the value of your home;
  • Certain energy efficient upgrades like windows, doors or a furnace may help lower utility bills;
  • Making improvements immediately allows you to sit back and enjoy your new home sooner!
Learn More About Purchase Plus Improvements!

If you think purchase plus improvements could be a great option for you in your house hunt, start by talking to one of our Mortgage Specialists to find out if you qualify. Call 1-877-WESTOBA.


Make an appointment!