Why a Renovation Loan?

You don’t have to walk away from that fixer-upper or outdated home. There are many loan options available to create the home you’ve always dreamed of with the house you have! Whether you’re building a new addition* or just remodeling the kitchen, we have the loan program for you.

Types Of Loans

  • FHA 203(k) Standard or Limited Renovation Loans
  • FannieMae’s HomeStyle Renovation Mortgage
  • VA Renovation loans
  • Cashout Refinances
  • These loan options give you the ability to finance the renovation in one of two ways:

    1. Roll it all into the total loan amount of the new home purchase with one loan closing
    2. Leverage your current home equity to fund the project with a cash-out refinance
    The FHA 203(k), VA Renovation loan and FannieMae HomeStyle® loan options let you purchase or refinance with one closing. Here’s how it works: the estimated renovation expenses are put into an escrow account and paid out to the contractor as the construction is complete and inspected.

    Who can benefit from a renovation loan?

    • First Time or Move up Home Buyers
    • Current Homeowners
    • Investment Property Owners

    Which Renovation Loan is right for you?

    cash icon

    FHA Standard 203(k)

    wallet icon

    FHA Limited 203(k)

    government building icon

    VA Renovation

    house repair icon

    Fannie Mae HomeStyle®

    handshake icon

    Fannie Mae HomeStyle®