home renovation
home renovation
home renovation
home renovation
home renovation
home renovation

Renovation Loans

All-in-One Renovation Solutions

Homestyle® Renovation
203(k) Standard or Limited
Cash-Out Refinance

What is a renovation loan?

  • Rolls the cost of fixing up a home and financing it into one convenient mortgage loan
  • Has one application, one closing, and one set of closing costs
  • May reduce out-of-pocket costs for upgrading a home
  • More affordable than getting a home equity loan, HELOC, or taking a second mortgage to pay for improvements

Loan Types

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Renovation Loan Flyers

Renovation Loan Quick Guide

Interested in a Renovation Loan? Contact us today or Get Started here.

Boost your home's value with renovations that are worth the effort and cash. Here are a few of the top projects that could give you the most value in the long run.

  • Generally considered the top upgrade that a homeowner can make for the least cost.
  • Average Cost: $950-$2,913
  • Average Return: Varies – Blue rooms could increase sale price

  • Industry specialists recommend choosing new and neutral flooring.
  • Average Cost: $1,510 - $4,672
  • Average Return: Hardwood – 70% t0 80%

A good first step would be to refinish hardwood floors, cabinetry, walls, windows, woodwork, and counters. If budget permits, replace fixtures and hardware to round out your finishes.

  • Average Cost: $21,198 - $63,829 (Remodel, Non-Upscale)
  • Average Return: 52.5%-71.2%

Investing some money into refreshing the look of your bathroom could help increase your home’s value and may be a big selling point.

  • Average Cost: $19,134 (Remodel, Non-Upscale)
  • Average Return: 51.5% - 58.9%

Boost your curb appeal with an upgraded outdoor area.

  • Average Cost: $1,318 - $5,659
  • Average Return: 77% to 265%

If you are considering refinancing be sure to do your research. Focus on long-term costs and benefits based on the equity in your home, the terms of the new and exsisting loans, and the break-even point at which you will recover your costs.

The following sources are deemed reliable but not guaranteed:

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Renovation Loan Process