Lang Family Home Remodel

"This is such a great program! I would encourage everyone to check it out!" - Joy Lang, ReGenerations Down Payment Assistance Recipient

Joy and Brian Lang weren’t afraid of a little mold, water damage, old carpet or even the outdated floor plan of the Coon Rapids rambler they purchased earlier this year. Joy Lang says, “We just really loved the house. It is the perfect size for us, especially when we wanted to downsize. It’s on a cul-de-sac in a great location. All it needed was a little TLC.”

Thanks to the ReGenerations Loan Program, a down payment assistance program through the Coon Rapids Mortgage Assistance Foundation, the Langs were able to purchase the home and gain access to funds to help with remodeling and rehabilitation work. The ReGenerations Loan Program provides up to $6,000 in down payment assistance when paired with the FHA 203(k) mortgage. Down payment funds are provided in the form of a second mortgage. A minimum of $10,000 in rehab or renovation work must take place to qualify for the program, but there are no income limits for borrowers and it is not restricted to first time homebuyers. No payments are required and no interest is assessed unless the loan is repaid within three years of closing. The loan is completely forgiven after 10 years.

The Lang's hired a contractor to take down a wall that separated the kitchen from the living room, which opened up the space. Water damage and mold concerns were taken care of by repairing water leaks in the upstairs bathroom. Other improvements also included new carpet, tile, paint, kitchen cabinets, counters and more! The homeowners were able to save costs by doing some of the work themselves such as scraping ceilings, painting and hanging doors and trim.

“We are so pleased with how the house turned out! It feels like a brand new house! We were able to fix the repairs that were needed, and give a much needed update to the home. All of this while receiving down payment assistance to purchase the home…it’s amazing! This is such a great program! I would encourage people to look in to it!” says Joy Lang.

If you would like to learn more about the ReGenerations Down Payment Assistance Program, read more or email Cheryl Bennett with questions.

Lang Family Remodel