Learn more about Renovation Loans
A fixer-upper could be the path to your dream home
When you use a Renovation Loan, you combine the cost of purchasing and renovating your home into a single mortgage. This means freedom and flexibility.

A few key benefits of Renovation Loans:
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Straightforward payments – With a Renovation Loan, you combine the costs of construction into your mortgage, putting your costs in one place.
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Get more house – By remodeling a home needing repairs, many homebuyers are able to both buy larger homes, or buy in areas they normally couldn’t afford.
A Renovation Loan might be a good fit if you:
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Want to include the cost of construction in your mortgage
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Are looking to live in an updated home
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Want to get more home for less by renovating a fixer-upper

Mortgage myths
Don’t let myths about Renovation Loans hold you back
Myth #1: Interest rates are much higher for Renovation Loans
Nope! While Renovation Loans have a slightly higher interest rate, most have a very competitive rate compared to a traditional mortgage.
Myth #2: : Only major repairs can be financed
Not true! You’re given the money to make the changes that you want to see in your new home, whether that be a new roof, a new bathroom, or whatever else you'd like.
Dig a little deeper

Take a second look at that fixer-upper
You could increase the odds of getting into a home you love by using this strategy.

Buying a flipped house vs. renovating
Should you shop flipped homes, or is a Renovation Loan the path to your dream home?

Real estate is still the #1 investment
Is now the right time to buy? Real estate continues to rank as Americans’ top investment.