Renovation loans for purchase or refinance scenarios
Explore renovation-loan paths for repairs, remodels, and homes that need work before or after closing.
Renovation mortgage programs allow qualified borrowers to finance eligible improvements through a single mortgage transaction. FHA 203(k) is a government-insured renovation program administered through approved lenders, while HomeStyle Renovation is a conventional program supported by Fannie Mae guidelines. Contractor documentation, project plans, inspections, and cost estimates are commonly required.
What a renovation loan can do
Finance purchase plus eligible repairs
Refinance plus eligible improvements
FHA 203(k) basics
Limited versus standard concepts
Repair scope and documentation
When to discuss renovation financing
Homes needing repairs before move-in
Renovation plans tied to purchase or refinance
Related programs
Self-employed buyers can show strong cash flow and still have tax returns that read low. Here is how qualifying actually works — and the documentation paths that fit business owners across the Eastside.
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A bank statement loan documents your income from deposit activity instead of tax returns — built for self-employed Eastside borrowers whose write-offs understate true cash flow.
Learn more →Paid on a 1099 or under two years in business? There are documentation paths built for contractors, consultants, and newly self-employed buyers whose income history is short but real.
Learn more →Renovation loans for purchase or refinance scenarios questions
The Limited 203(k) is generally designed for smaller, less complex projects. The Standard 203(k) supports larger renovations and often involves a HUD consultant. The appropriate version depends on project scope and complexity.
Roll the purchase and the remodel into one loan — buy, renovate, and refinance with a single close.