Loan Programs
Renovation & New Construction
Buy the almost-right house and fix it, or build the exactly-right one from scratch — with the costs rolled into a single loan.
How it works
Renovation loans let you finance a home purchase (or refinance) plus the cost of improvements in one mortgage — based on the home's value after the work is done. That opens up dated listings, estate sales, and diamond-in-the-rough properties that other buyers scroll past, often in neighborhoods you couldn't otherwise afford.
New-construction financing covers the other path: building from the ground up, with financing structured around the build timeline and converting to a standard mortgage at completion. Both are more moving parts than a standard loan — contractor bids, draws, inspections — which is exactly why having a team that manages the details matters.
Program highlights
One loan, everything in
Purchase price plus renovation budget in a single mortgage, based on after-improved value.
Unlock more inventory
Dated homes in great locations become viable when the renovation budget is built into the financing.
Construction-to-permanent
Ground-up builds financed through completion, converting to a standard mortgage when you move in.
We manage the machinery
Bids, draws, inspections, timelines — our production team has run this play many times.
The path, step by step
Scope the project
Purchase-plus-reno or ground-up build — we map the right structure to your project.
Budget & bids
Contractor bids establish the renovation budget; the appraisal values the finished home.
Close & fund
One closing. Renovation funds are held and released in draws as work completes.
Move into it done
The home you actually wanted — financed sensibly from day one.
Common questions
Can I do the renovation work myself?
Generally renovation programs require licensed contractors for financed work, both to protect the home's value and to satisfy draw inspections. We'll walk through what your program allows.
How is the loan amount determined on a renovation loan?
It's based on the home's expected value after improvements (subject to program limits) — which is what lets the renovation budget fit inside the mortgage.
What if the project goes over budget?
Contingency reserves are typically built into the renovation budget from the start. Structuring that cushion correctly up front is part of our job.
Related Programs
Conventional Loans
Flexible, competitive financing for primary homes, second homes, and investment properties — with as little as 3% down for qualified buyers.
Learn more →Jumbo Loans
Financing above conforming limits for higher-priced homes, structured around your full financial picture.
Learn more →Refinance
Lower your rate, shorten your term, or tap equity with a cash-out refinance — reviewed against your current loan so it only happens if it makes sense.
Learn more →Let's Talk
Wondering if Renovation & New Construction is your fit?
One conversation with the team and you'll know for sure — with real numbers, not guesses.