Working With Renovation Loans
Renovation loans open up a powerful segment of the market — buyers who want a home that doesn’t exist yet at a price they can afford, and sellers with properties that won’t qualify for traditional financing. FHA 203(k), Fannie Mae HomeStyle, and VA Renovation programs let buyers roll the cost of repairs and improvements into a single mortgage, turning fixer-uppers, dated properties, and homes with deferred maintenance into viable transactions.
This course gives you the working knowledge to recognize when a renovation loan is the right fit, guide your clients through the process with confidence, and coordinate effectively with loan officers, contractors, and 203(k) consultants. You’ll learn how each program works, which properties qualify, how the timeline differs from a standard purchase, and what to expect at each stage from contract to closing.
By the end of the course, you’ll be able to:
- Identify properties and clients that fit each renovation loan program
- Explain FHA 203(k) Standard, 203(k) Limited, HomeStyle, and VA Renovation in plain language
- Walk a buyer through the renovation loan timeline and contingency considerations
- Coordinate with loan officers, contractors, and consultants throughout the process
- Recognize the disclosure and risk management considerations unique to renovation transactions
What’s included: Video and audio lessons, downloadable resources, knowledge checks throughout, and a final assessment. Includes interview segments with a practicing renovation loan officer covering both products and process.
