Renovation Loans

Renovate a home

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