The Buyer or Seller Holdback options can be used for the purchase of an owner occupied or second home. Allows buyers to make improvements to the home by using the equity in the home based upon the value of the home after the improvements are completed. The maximum amount of the holdback cannot exceed 10% of the “as completed” value of the appraisal. The term of the holdback cannot exceed 120 days. Principal and interest payments begin with the first loan payment.