Couple standing by the table and looking at color swatch during kitchen renovation

E-Z Renovation Loan

ENB offers an option whereby smaller renovation costs may be held in a completion escrow account instead of setting up a full construction loan and draw schedule.

  • Simplified process for smaller renovations*
  • Available on both purchase and refinance transactions
  • Up to 95% financing based on the “as completed” value of the property
  • Up to 60 days from time of settlement to complete the work
  • Up to 20% advance to contractor**
  • All work must be completed by a licensed contractor
  • Available on a variety of ENB products including GreatStart and WealthBuilder

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Contact us and we’ll answer your questions.

*Renovation costs cannot exceed $30,000
**No self-builds allowed
E-Z Renovation program guidelines are subject to change without notice. Mortgage insurance will be required for loan amounts exceeding 80% laon to value (LTV).