About Renovation Home Loans
A renovation loan is a loan backed by the federal government and given to buyers who want to renovate a home. A renovation loan allows the borrower to finance the home, plus provides financing to do the necessary renovations to the home.
We're here to make the renovation home loan process easier, with tools and knowledge that will help guide you along the way, starting with our Renovation Loan Qualifier.
We'll help you clearly see differences between loan programs, allowing you to choose the right one for you - whether you're a first-time home buyer or a repeat buyer.
The Renovation Loan Process
Here's how our home loan process works:
- Complete our simple Renovation Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
BUY A FIXER-UPPER
Rather than buying a fixer-upper with the intention of updating it in the future using savings or high-interest credit cards, customize your home the way you want it now by financing the cost of renovations right into the mortgage loan.
Everyone has their own individual tastes, and paying out of pocket for renovations on elective OR maintenance items can be costly. Why not add your own personal touch or make repairs by using a renovation loan for the purchase?
As a buyer, you can do all of the following and MORE using renovation financing:
- Replacing the roof
- Updating the kitchen
- Replacing HVAC or furnace
- Replacing appliances
- Replacing toilets and plumbing fixtures
- Replacing flooring
- Repainting, inside and outside
- Adding square footage
Pick and choose what you want. There are endless options to create your dream home!