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
Struggling to find a home you love? You could use a Renovation Loan to transform a fixer-upper.

Should you buy flipped or renovate?
Are you better off shopping newly flipped homes, or should you use an all-in-one Renovation Loan?

Real estate is still the #1 investment
Is it the right time to buy a house? For the past 11 years, real estate ranks as the top investment.