Renovation Loans FHA 203K · VA · Conventional

Buy AND renovate with one loan. Roll the rehab into your mortgage.

Found a great property that needs work? Don't let the rehab budget kill the deal. Renovation loans let you buy the home AND finance the renovations in a single mortgage — based on the home's improved value, not its current condition. Available through FHA 203K, VA Renovation, and Conventional Renovation programs.

Schedule a Renovation Loan Consultation Compare Loan Programs

Renovation Loans, Explained

Video coming soon

What is a renovation loan?

A renovation loan combines your home purchase AND your renovation budget into one single mortgage. Instead of buying with one loan and paying for renovations separately (or worse, using high-interest credit cards or HELOCs), the renovation loan finances the improved value of the property. You close once, you renovate, and you have a single mortgage payment — typically at much lower rates than alternative renovation financing.

Who it's for

Is a renovation loan a fit for you?

Buyers of fixer-uppers

Where the price is right but the property needs significant work.

First-time buyers

Who want to add value through DIY-friendly renovations.

Investors with rehab strategies

Combining purchase and renovation in one transaction.

Move-up buyers

Who want to customize a property to their needs from day one.

Key benefits

Why buyers choose a renovation loan.

One loan for purchase + renovation

Single closing, single payment.

Three program types available

FHA 203K, VA Renovation, OR Conventional Renovation — match the right program to your situation.

Loan based on improved value

You borrow against what the home WILL be worth, not what it is today.

Eligible for major renovations

Structural work, additions, kitchens, baths, systems — not just cosmetic upgrades.

Common questions

Renovation loan FAQs.

What's the difference between FHA 203K, VA Renovation, and Conventional Renovation?

They're three flavors of the same idea — buy and renovate in one loan — with different rules. FHA 203K is the most flexible on credit and allows a wide range of repairs; VA Renovation is for eligible veterans and keeps the no-down, no-PMI VA advantages; Conventional Renovation (like HomeStyle) often works best for stronger credit and higher-value or investment properties. We'll match the program to your credit, property, and goals.

How much can I borrow for renovations?

It depends on the program and the home's projected after-renovation value, since these loans are based on what the property will be worth once the work is done. Each program has its own limits and rules for the scope of work. We'll look at your project and tell you what's realistic before you write an offer.

Can I do the work myself?

In almost every case, no. Renovation loan programs require the work to be completed by licensed, approved contractors — not the homeowner — with funds released in stages as the work is inspected. That protects both you and the lender by making sure the job is done right, on schedule, and to code. We'll help you line up qualified contractors and manage the draw process.

How long does a renovation loan take to close?

Renovation loans usually take a bit longer than a standard purchase because there's an extra step: getting contractor bids and an appraisal based on the improved value. Plan for some additional time up front, and we'll keep the process organized so it stays on track.

Can I use a renovation loan for an investment property?

Yes, with the right program. Conventional Renovation (HomeStyle) allows investment properties in many cases, which makes it a strong tool for investors combining a purchase and rehab into one loan. FHA 203K and VA Renovation are for primary residences. We'll point you to the program that fits your strategy.

See all Frequently Asked Questions →

Found a fixer-upper? Let's make it work.

Want to customize a property from day one? Schedule a 15-minute call and we'll see which renovation program fits.

Schedule a Consultation Compare Loan Programs