Renovation Loans Are Available!
- Buy, Renovate, and Build Equity — All at Once!
Why a Renovation Loan?
A renovation loan lets you combine the cost of a home purchase (or refinance) with funds for approved repairs or upgrades — all in one mortgage. Instead of taking out a separate loan for improvements, you can finance renovations upfront and improve the home as part of the same closing.
Many people assume renovation financing is only available through FHA, but renovation options can be available with Conventional, FHA, and VA loan programs, depending on the property and your goals.
About Renovation Home Loans
Renovation loans are designed for buyers and homeowners who want to repair, update, or modernize a home — especially when the property’s condition could limit traditional financing.
Depending on the program, lenders may base the loan on the home’s “as-completed” value (the projected value after renovations), and funds for improvements are typically handled through a renovation escrow process with contractor documentation.
Common renovation programs include:
Conventional: Fannie Mae HomeStyle® Renovation
FHA: 203(k) (Limited or Standard)
VA: VA Renovation options
We’ll help you compare programs, understand contractor and documentation requirements, and map out a realistic timeline — starting with our Renovation Loan Qualifier.
The Renovation Loan Process
1. Apply
2. Get Approved
3. Verify
4.Close
5.Fund