Renovation Loans
Explore financing that may combine a purchase or refinance with eligible improvements.
A financing strategy built for your goals.
A renovation loan may help you finance a home and approved repairs in one plan. Programs differ in the kinds of work allowed, contractor requirements, timelines, and how the property value is assessed.
At a glance
- Purchase or refinance options may be available
- Eligible repairs can be part of the financing plan
- Program-specific contractor and draw rules
How renovation loans work
Scope the work
A clear repair budget, contractor bid, and timeline help determine which programs may fit.
Understand the process
Renovation loans can involve extra documentation, appraisals, and controlled disbursement of funds.
Compare alternatives
Depending on the property and your equity, a separate home equity product may also be worth discussing.
Who this may fit
Every situation is different. This program can be a useful starting point for:
- Buyers considering a fixer-upper
- Owners planning major improvements
- Buyers who want to preserve renovation cash
Neev can help you compare it with other available options using your actual income, assets, property, and goals.
Questions about renovation loans
Can cosmetic improvements be included?
Some programs allow them, but the work allowed varies by loan type.
Do I need a contractor before approval?
Many programs require contractor information and a written scope before final approval.
Let's explore your renovation loans options.
You'll get a real conversation, clear tradeoffs, and a financing plan shaped around your goals.