Renovation Loans
ConventionaL, FHA & VA options to convert Your Current or Prospective Home into your Dream!
A renovation loan provides the financing to purchase or refinance and renovate a home. Here are some key takeaways:
Loan amount is based on the home’s value after improvement
One loan, one closing
Refinance or purchase
Make updates or upgrades
Purchase a foreclosed property and make needed repairs
Fix home inspection issues
Rural areas are Ok.
Cannot use down payment assistance programs with a renovation loan.