RENOVATION LOANS

Finance eligible home improvements with a purchase or refinance.

Based in San Diego, CA, our mortgage team helps you compare renovation financing for a home you want to buy or already own. The right option depends on the property, project scope, budget, and eligibility. Review contractor requirements, contingency funds, permits, inspections, and the completion schedule before committing.

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Renovation financing options

FHA 203(k) Limited

The Limited 203(k) can finance eligible nonstructural improvements with an FHA purchase or refinance. Project limits and completion requirements can change. We will confirm the current rules, eligible work, and lender requirements for your project.

FHA 203(k) Standard

The Standard 203(k) supports eligible rehabilitation projects, including some structural work. A HUD-approved consultant, work plan, cost review, and inspections are part of the process. The property, borrower, project, and total loan must meet applicable requirements.

Conventional renovation financing

Fannie Mae HomeStyle Renovation and other available conventional programs may finance eligible improvements with a purchase or refinance. Occupancy, property type, renovation limits, contractor approval, and mortgage insurance requirements vary. Compare the full costs and terms with other options.

Renovating a home you already own

Compare a renovation refinance, a cash-out refinance, and keeping your existing mortgage while funding improvements separately. Review the new balance, closing costs, term, total interest, and project budget. Any borrowing secured by your home increases the amount at risk if payments are not made.

Plan the project before closing

Get detailed bids from qualified contractors and allow for contingencies and required permits. The appraisal, escrow, inspections, and release of renovation funds depend on the loan program. Do not assume future refinancing, a higher property value, or a particular completion date is guaranteed.