Finance the construction of a new home or major renovations to your current property with tailored solutions that keep your project on track. I’ll guide you through every step so you can create the perfect space with confidence and ease.
Renovation and construction loans are designed to finance the cost of home improvements, remodeling, or new home construction. These loans allow homeowners and buyers to upgrade, repair, or build properties with structured financing that releases funds in stages as work is completed.
These loans are ideal for homebuyers purchasing fixer-uppers, homeowners looking to renovate, and individuals building a custom home. Investors can also use these loans to rehab properties for resale or rental income.
Unlike traditional mortgages, renovation and construction loans provide funding in stages rather than a lump sum. Lenders disburse payments based on project milestones, ensuring that contractors and builders receive payments as work progresses.
Loan options include FHA 203(k) renovation loans, Fannie Mae HomeStyle loans, VA renovation loans, construction-to-permanent loans, and standalone construction loans. Each loan type has different requirements based on the scope of work, borrower qualifications, and loan terms.
These loans provide flexible financing for remodeling, home improvements, or new construction. Borrowers can increase their home’s value, customize their living space, and spread renovation costs over time instead of paying upfront.
If you’re looking to upgrade your home, purchase a fixer-upper, or finance a custom-built home, a renovation or construction loan may be the perfect solution. A mortgage specialist can help determine the best loan option for your project.
We specialize in renovation and construction loan solutions tailored to homeowners, buyers, and real estate investors. Whether you’re looking to remodel your home, buy a fixer-upper, or build a new property, our loan programs provide flexible financing options, competitive rates, and expert guidance.
From loan application to project completion, our mortgage professionals ensure a smooth financing process, working with trusted lenders and approved contractors to bring your vision to life.
If you’re ready to finance a home renovation or new construction project, contact us today to explore your options and take the next step toward your dream home!
A workable project needs a financing plan as well as a building plan. Check how funds are released and what your household would do if costs or timing change.
A renovation loan may combine eligible work with a purchase or refinance. Smaller projects may have other equity-based options if you qualify. Tell Bianca what needs doing and when, so the property’s condition and the financing method can be matched.
New construction has a different approval and funding process, often involving plans, a builder and staged draws. Permanent financing may be combined or separate. Ask how many closings, approvals and fees are involved in the proposed arrangement.
Requirements can include qualifications, itemized bids, permits, project scope and a completion schedule. The lender decides what the program accepts. Have those requirements checked before assuming a preferred contractor or informal quote will be sufficient.
Many programs release funds after stages of work are verified. This creates a draw and inspection schedule. Make sure the contractor understands it so payment expectations match the loan, and clarify how a change in the work is approved.
The right contingency depends on the project and program. Also consider temporary housing or overlapping payments if move-in is delayed. Ask what happens to financing when costs exceed the approved amount; additional funds or extensions are not guaranteed.
Compare the project loan with an eligible HELOC, home equity loan or cash-out refinance. Consider whether the first mortgage changes, possible rate increases, fees and repayment timing. Choose a structure that funds the work while keeping the household’s overall payment manageable.
Information checked September 6, 2026. Sources: CFPB: Construction loans · HUD: FHA 203(k) program · Fannie Mae: HomeStyle Renovation · CFPB: Construction loan disclosures.
