Renovation Loans
Renovation Loans – One Loan, Purchase + Renovation
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Renovation loans are perfect if you’re buying a property that needs work or upgrading a home you already own. Instead of juggling multiple loans or paying out of pocket, renovation financing lets you roll the purchase price (or current loan) and renovation costs into one mortgage. This is a great option for investors and homeowners looking to add value, improve livability, or turn a fixer-upper into a strong-performing property.
Common renovation uses:
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Kitchen and bathroom updates
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Roofs, flooring, and structural repairs
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Cosmetic upgrades to increase value
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Layout changes or additions
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See if your property is eligible for Renovation financing:
What exactly is a renovation loan? It’s a single loan that covers both the property and the renovation costs.
Can renovation loans be used for investment properties? Some programs allow investment properties, while others are limited to primary residences — we’ll help find the right fit.
Do I need contractor estimates? Yes. Licensed contractor bids are typically required before closing.
Can I do the work myself? Most programs require licensed contractors, though limited exceptions may apply.
Is renovation money paid upfront? Funds are usually released in stages as the work is completed and inspected.