Renovation Loans
- Home
- Loan Options
- Renovation
Home Renovation Loan Benefits & How They Work
Renovation loans offer flexible financing tied to your home’s increased value once improvements are finished. Perfect for upgrading your existing home or purchasing a property with renovation potential, they help you build the ideal living environment you desire.
Reasons to choose a renovation loan
Renovation loans let you include the price of improvements in your mortgage from the start, giving you just one predictable monthly payment. Great for turning a fixer-upper into your dream home or enhancing the one you already call home.
Reasons to choose a renovation loan
Renovation loans let you include the price of improvements in your mortgage from the start, giving you just one predictable monthly payment. Great for turning a fixer-upper into your dream home or enhancing the one you already call home.
FHA Reno
Backed by the FHA—let you finance both the purchase (or refinance) of a home and its repairs/renovations in a single mortgage. The loan amount is typically based on the property's estimated value after improvements ("after-improved value"). Financing up to FHA county loan limit ($541,287 in NC)
