FHA 203k
Renovation financing for primary residences.
- Maximum renovation budget: $75,000
- Eligible property types: 1–4 unit primary residences, FHA condos, and manufactured homes
- Can be combined with down payment assistance
Conventional Renovation
Flexible renovation financing for primary, secondary, or investment properties.
- Maximum renovation budget up to 75% of as-completed value
- Luxury upgrades allowed (pools, outdoor kitchens)
- Build an Accessory Dwelling Unit or convert a single family residence to a duplex, triplex or fourplex
- Eligible for primary, secondary, or investment properties
Renovation Loan Programs
VA Renovation Program
Renovation funds for eligible veterans on a single primary home.
- Borrower must be VA-eligible
- 1-unit primary residence only
- Maximum renovation budget: $50,000
- Non-structural renovations only
USDA Renovation
Renovation financing for primary homes in eligible rural areas.
- Rural areas only (USDA-eligible locations)
- 1-unit properties only
- Primary residence only
How Does It Work?
Step 1: Prequalification
You're prequalified based on “Total Acquisition Cost” (purchase price + renovations)
Step 4: Appraisal
The bid is given to the appraiser, who appraises the property with an “as completed” value
Step 2: Property Selection
You find a property with a realtor you'd like to purchase & renovate. This is when you go under contract to buy the house.
Step 5: Closing
We close and now you own the house!
Step 3: Renovation Bid
Your contractor draws up a bid for the cost of the renovation
Step 6: Construction
After closing, construction starts & the contractor is paid out of the renovation budget as the work is completed