Home renovation loans

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What is a home renovation loan?

Maybe you’ve found the perfect location, but the house needs improving. Maybe staying in your current (but outdated) home is what’s important. Either way, a home renovation loan lets you make upgrades now and pay over time–so you can create a place you’re proud to call home.

Whether you’re considering a fixer-upper or dreaming of remodeling your current home, a Renovation mortgage loan helps you get the job done.

Modern, newly-renovated kitchen

How does a home renovation loan work?

A home renovation loan lets you purchase or refinance a home in almost any condition, make improvements and pay for them over time. Consolidate the cost to buy or refinance with the estimated remodeling costs. We connect you with a renovation loan specialist and you select your preferred contractor to complete the work.

Renovation financing options


This FNMA HomeStyle Renovation loan allows for most upgrades, including luxury home improvements with low-down payment options for all occupancy types.

FHA 203(k)

This government renovation loan is a good option for larger more complex projects, including health and safety improvements with the flexibility of a low-down payment for primary residences only.

FHA 203(k) Limited

This government renovation loan is a good option to finance minor repairs or cosmetic improvements that can be completed quickly with the flexibility of low-down payment for primary residences only.

Benefits of a home renovation loan:

  • Create your dream home
  • One single transaction for purchase or refinance and renovation
  • Borrow based on future estimated home value
  • Distribute renovation costs over the life of the loan

What types of remodel projects qualify?

No project is too big or too small for a home renovation loan. From room additions to new kitchens to painting and landscaping – we’ve seen it all.

  • Remodel kitchen and bathrooms
  • Upgrade electrical, plumbing, heating and air conditioning
  • Add an accessible entry
  • Repair cracked slabs or make structural improvements
  • Install new flooring, windows, doors, cabinets and appliances
  • Build a swimming pool

Connect with a renovation loan specialist in your area to find the right loan for you:

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Renovation programs are eligible in the following states: AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MT, NC, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI and WY
Renovation guide cover
Calculator Icon Considering selling vs. remodeling? Compare the costs of upgrading to the amount you’ll get from selling with our net proceeds calculator.