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What Can a Renovation Loan be used for?

The possibilities of what you can fix, repair or create with a renovation loan are endless but here are some examples of what our clients have used renovation financing for:
  • Replacement of Roof, Siding, Windows, Gutters
  • Add or expand Bedrooms, Bathrooms, Kitchens, Garages, etc.
  • Major Landscaping or Site Improvements
  • Enhancing accessibility for disabled person
  • Improvements for Aging in Place
  • Finish Basements, Decks or Patios
  • Increasing or decreasing the number of units a property has
  • Adding or repairing a pool or hot tub

You can use renovation financing for the

  • Purchase and renovation of an existing home
  • Construction of a new home. (technically, this is a Construction Loan)
  • Renovation of a home you already own.


 

 

 


Understanding Renovation Loans
 |  What Can a Renovation Loan be used for?
Types of Renovation Loans  |  FHA 203k Program  |  Fannie Mae Homestyle Program
Other Conventional Programs  |  The Tools  |  The Loan Process
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