Renovation Loans
Finance home purchase and renovation costs in one loan.
Program Overview
What is a Renovation
Loan?
Renovation loans combine the cost of buying or refinancing a home with the funds needed to repair, update, or improve it — all in a single mortgage. Popular options include FHA 203(k) and Fannie Mae HomeStyle renovation loans.
Instead of paying out of pocket for a new roof, kitchen, or energy-efficient upgrades, you can roll eligible renovation expenses into your loan and spread the cost over your mortgage term.
Key benefits
Why Borrowers choose this loan?
One Loan, One Payment
Combine purchase or refinance costs with renovation funds.
Low Down Payment
FHA 203(k) loans allow as little as 3.5% down.
Improve Equity Quickly
Increase your home's value with strategic upgrades and repairs.
Wide Range of Projects
Finance structural repairs, cosmetic updates, accessibility improvements, and more.
Refinance Option
Refinance your current mortgage and fund improvements at the same time.
Licensed Contractor Required
Funds are disbursed as work is completed by approved professionals.
eligibility
Do you Qualify?
Every borrower's situation is unique. Below are typical guidelines. Our loan officers will review your specific scenario and confirm eligibility quickly.
✔ Property must meet program and appraisal requirements after renovation
✔ Minimum credit score of 580–620 depending on program
✔ Renovation plan must be prepared by licensed contractors
✔ Loan amount must fall within program limits and after-improved value
✔ Property can be a primary residence, and some programs allow investors
