Renovation Loans

Renovation Loans

Renovation Loans are used to purchase or refinance a home in need of repairs. The cost of the repairs is bundled into the mortgage, making it simpler and easier to pay for needed home rehabilitation.

  • Take out one loan to both purchase and renovate a home, also available for refinancing
  • Low mortgage rates and low down payment requirements for qualified borrowers
  • Potential to earn equity quickly by purchasing a home below market value and repairing or remodeling
  • These loans facilitate the improvement of distressed properties, which contribute to the betterment of neighborhoods and communities
  • Renovate a property that is above the conforming loan limit

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