Home Renovation Loans

🏡 Transform your home into your Dream Home!

Are you looking to buy or refinance a home and include renovation costs? Our Home Renovation Loan Programs let you finance your home purchase (or refinance) and the cost of repairs in one easy mortgage. Whether you're a homebuyer, homeowner, or veteran, we have the perfect loan for you!

Loan Options at a Glance

 🔹 Fannie Mae HomeStyle® Loan

✅ Best For: Buying or refinancing with large or small renovations

✅ Down Payment: As low as 3%

✅ Who Qualifies? Homebuyers & homeowners

✅ Eligible Renovations: Cosmetic & structural upgrades, remodeling, additions

 🔹 FHA 203(k) Loan

✅ Best For: Fixer-uppers and homes needing repairs

✅ Down Payment: As low as 3.5%

✅ Who Qualifies? Buyers & current homeowners

✅Eligible Renovations: Structural repairs, energy upgrades, kitchens, bathrooms

 🔹 VA Renovation Loan

✅ Best For: Veterans & military members upgrading their home

✅ Down Payment: 0% Down

✅ Who Qualifies? Eligible veterans, active duty, & spouses

✅ Eligible Renovations: Safety repairs, energy efficiency, accessibility improvements

Which Loan is Right for You?

 🔹 Fannie Mae HomeStyle®

Perfect for homebuyers or homeowners who want flexibility in financing both minor and major renovations.

✅ Combine home purchase & renovation costs
✅ Low down payment options
✅ Ideal for remodeling, structural changes, and cosmetic upgrades

Best For: Conventional buyers looking for maximum flexibility in renovations.

 🔹 FHA 203(k) Loan

A government-backed loan designed for homes that need significant repairs or modernization.

✅ Low 3.5% down payment
✅ Available to homebuyers & homeowners
✅ Covers essential repairs, remodels, and energy-efficient upgrades

️Best For: Buyers looking at older or distressed homes needing updates.

 🔹 VA Renovation Loan

Exclusively for veterans, active-duty service members, and their families to finance home upgrades.

✅ $0 Down Payment – No upfront cash needed!
✅ Covers safety, accessibility, and efficiency improvements 

✅ Keeps your VA loan benefits intact

Best For: Veterans and military families who want to upgrade their home with VA loan benefits.

 🔹 How It Works:

1️⃣ Get Pre-Approved – Work with one of our experienced loan officers and find the right loan option for your home & renovation needs. 

2️⃣ Find a Home or Refinance – Choose a property that qualifies or refinance your existing one.

3️⃣ Plan Your Renovations – Work with contractors to estimate repair costs.

4️⃣ Loan Approval & Closing – Once approved, funds are set aside for renovations.

5️⃣ Complete Your Renovations – Contractors finish the work under lender supervision.

6️⃣ Final Inspection & Completion: After all work is completed and inspected, final payments are released.🎉 

Below are some more beautiful examples of homes and rooms transformed by a renovation mortgage.