Renovation Loans
Home Renovation Loans Benefit You & 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.
Renovation Loan Process
Learn more about the process to renovate your existing home or a home you are buying
Pre-Approval
Complete loan application with Scout Advisors
Select General Contractor
Select your general contractor to handle your project. Up to 3 contractors can be used on your project
Contractor Approval
Work with your Scout Advisors mortgage expert to compile the necessary documents to submit your contractors package for approval
Renovation approval
After obtaining contractor approval submit the plans for approval (budget & plans)
Submit Loan / Obtain Approval
Submit loan, order appraisal, obtain title, clear underwriting conditions & obtain loan approval
Start renovation
The lender will oversee the renovation process and will review all aspects of the renovation (managing timelines, administering draws to the contractor, inspections, etc)
Renovation Loan Programs
At Scout Advisors, we specialize in helping homeowners turn fixer-uppers into dream homes or upgrade their current property affordably. Here are the top renovation loan options we offer in 2026:
