Fixer Upper Loan

Now, you can buy a home that needs minor updates, use Lowe's® or The Home Depot® for renovations, and roll the cost into your mortgage instead of paying out of pocket.

For as little as 3% down, Cornerstone's Fixer Upper Loan can help make homeownership more accessible for a broader range of homebuyers. Our program empowers your clients to choose their own installation services from either Lowe's® or The Home Depot®, ensuring they get exactly what they want for their new home. Instead of paying upfront, they can roll the cost of small-scale projects, design customizations, and minor repairs right into their mortgage. Together, we’ll review your options and clearly answer all your questions and any concerns so you can make confident, well-informed decisions for you and your family. Contact us for a complimentary consultation or fill out our secure, online prequalification form to get started.

Program Highlights

• Simpler process than other renovation loans
• For one-unit primary residences and second homes
• Conventional loan with minimum 3% to 5% down
• Finances up to 10% of the sales price for renovations
• Access to renovation funds within 72 hours of closing
• Allows up to 6 months to complete the work
• 5% contingency at closing - unused reserves refunded to buyer

The Fixer Upper Loan program is not sponsored, endorsed, or administered by, or associated with, Lowe’s® or The Home Depot®. Lowe’s® and The Home Depot® are the owners of their respective marks, logos, name, and image. Additional requirements, restrictions, and underwriting conditions apply; see loan officer for details. Information as of 08/01/2024.