Buy it. Fix it.
Finance both together.
Renovation loans are one of the most powerful homebuying tools available — and one of the most misunderstood. We’ll make sure you understand exactly what you’re getting into before you commit.
Talk to Us About Renovation →Buy the house.
Finance the renovation.
Renovation loans let you purchase a home that needs work and finance the cost of improvements — all in a single loan based on the property’s future value after renovation. That means you can buy a home priced below market, improve it, and immediately build equity in the process.
Renovation loans are a powerful tool, but they come with more moving parts than a standard purchase. Education is crucial to a smooth process — and we’ll walk you through every step before you commit.
Talk to Us About Renovation →Key details to
know upfront
The loan is based on the after-renovation appraised value — not the current condition. This allows you to borrow enough to cover purchase and improvements together.
When renovation costs exceed $35,000, you’ll need a bid from a licensed General Contractor and a feasibility report from an approved HUD consultant.
Renovation funds are released in draws upon satisfactory inspection by a renovation consultant. Multiple GCs are not permitted, and DIY repairs are not eligible.
A 10–15% contingency reserve is required. Any unused reserve at project completion is applied to reduce the outstanding loan balance.
Found a fixer-upper?
Let’s talk renovation.
Free consultation. We’ll walk you through the full process before you commit.