Professor Lending
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    • Renovation Loans
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    • Home
    • About
    • How it works
    • Resources
      • Education
      • Investors
      • First Time Homebuyers
      • Down Payment Assistance
      • Renovation Loans
    • Contact
Professor Lending
  • Home
  • About
  • How it works
  • Resources
    • Education
    • Investors
    • First Time Homebuyers
    • Down Payment Assistance
    • Renovation Loans
  • Contact

Renovation Loans

Renovation loans are an incredible financial tool for those looking to purchase an existing property that requires additional work. With a renovation loan you are able to leverage the future value of a home at a lower interest rate than alternative financing.

Are you considering a renovation?

If you are considering a renovation for a home purchase, contact us today so we can discuss together. Renovation loans are a tremendous resource but include a number of additional parts that traditional loans do not and education is crucial to success.

Find out more

Common Renovation FAQ

When renovation costs exceed $35,000 additional documentation is required for loan approval.


  • A bid from a licensed General Contractor
  • A feasibility report from an approved HUD consultant


Additional FAQ:


  • Funds for the renovation are released upon satisfactory draw inspections by the renovation consultant.
  • Multiple General Contractors are prohibited.
  • "Do It Yourself" repairs options are not permitted.
  • A contingency reserve between 10% and 15% is required for all transactions. Additional reserve at the end of the renovation is returned to the borrower and applied to the existing loan amount.

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Company NMLS ID: 2644699

Professor lending is licensed to do business in nc, sc, VA, fl, IN, al, OK, TX, and mi

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