Home Improvement Loans


FHA 203k Loans and FNMA HomeStyle Renovation Mortgages with no surprises, no hidden costs, no jargon.

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Your dream home doesn't need to be move-in ready.


Not all homebuyers want move-in ready homes. Sometimes you want to make a house your own. Whether you found a diamond in the rough or are looking to make upgrades, renovation mortgage programs are an excellent option to finance your renovation.

Taking on a home renovation is an exciting and rewarding process, but too many mortgage lenders don’t want to help. That’s because the old processes are dated, slow, and overwhelming. You’ll hear there is too much paperwork and closing takes too long. Well, that’s wrong - it’s not as difficult as you think.

We created a faster, cheaper, and interactive process dedicated to home renovation loans. Not only do we offer a step-by-step guide for applying for your loan, but you’ll have a devoted team who specializes in renovation mortgages. You’ll be able to see your exact rates in seconds and know the status of your loan the entire process. Our team identifies problems before they happen and will give you all the resources and answers you need every step of the way.

Understanding your loan options- FHA 203(k) and FNMA HomeStyle Renovation
Renovation loans allow you to include the costs of repairs or upgrades into the mortgage of the home you’re buying or into refinancing your current mortgage. Let’s take a look at your options.


  • 620 credit score
  • 5% down payment
  • All rehab work must be completed by licensed and insured contractors
  • FHA/HUD consultant oversees the projects to protect the borrower
  • Home improvements must become a permanent part of the property


  • Minimal out-of-pocket renovation costs
  • Low credit scores accepted
  • Fixed rate, adjustable rate, and term length options available
  • Lower down payment
  • Low refinancing interest rates
  • Fewer costs by rolling repair and purchase/refinancing expenses into a single loan

Eligible Repairs (not a full list):

  • Repair/replacement of roofs, gutters and downspouts.
  • Repair/replacement/upgrade of existing HVAC, plumbing, and electrical systems
  • Exterior and interior painting, including lead-based paint stabilization or abatement. Weatherization: storm windows and doors, insulation, and weather stripping


  • All rehab work must be completed by licensed and insured contractors
  • Minimum down payment is around 5%
  • Appraiser will inspect all work and submit a completion certificate to Fannie Mae before funds can be paid to the contractors/designers.
  • Renovations must be completed within six months after closing.


  • Cost-effective way to renovate or improve a home
  • Single mortgage means lower closing costs and typically a lower interest rate on a first mortgage
  • Borrowers can qualify for CLTV of up to 105% with eligible Community Seconds® subordinate financing
  • Loan amount based on “as-completed” value of the home or the cost basis (purchase moneyloans), whichever is less
  • Fewer costs by rolling repairs purchase/refinancing expenses into a single loan

Eligible Repairs:

  • Architects/designer expenses
  • Energy efficiency assessments
  • Engineering and design updates
  • Required inspection and permit fees
Contact our team to take the first step