Finance the Home and the Work
Purchase or Refinance
Renovation loans can be used to buy a home that needs work or refinance your current mortgage to include eligible repairs and improvements.
Multiple Loan Options
Programs may include FHA, conventional, USDA, and VA renovation loans, each with different property, occupancy, and repair guidelines.
Low Down Payment Options
Some renovation loan programs allow low or no down payment options for eligible borrowers, depending on the loan type and property.
Repair Funds Built In
Renovation financing allows eligible repair costs, contingency reserves, and improvement funds to be included in the mortgage, helping reduce upfront out-of-pocket costs.
frequently asked questions
The right program depends on your loan type, property, occupancy, down payment, repair scope, and whether you’re buying or refinancing.
Most renovation loan programs require a contingency reserve, often around 10%–15%, to help cover unexpected project costs.
Eligible repairs vary by program but may include updates, safety improvements, structural repairs, energy upgrades, and other approved home improvements.
A renovation loan allows buyers or homeowners to finance a property and eligible repairs or improvements through one mortgage.
Yes. Renovation loans are commonly used to purchase homes that need repairs, updates, or improvements before or after move-in.
Yes. Some renovation loan programs allow homeowners to refinance their current mortgage and include eligible renovation costs in the new loan.
