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.