Finance Home Upgrades with Renovation Loans
Renovation loans combine home purchase or refinance costs with repair or upgrade expenses into one convenient mortgage. This makes it easier for buyers to purchase fixer-uppers or for homeowners to improve property value while refinancing. At Team GWC of Citywide Home Mortgage, we make renovation financing simple with programs that cover remodeling, structural repairs, or upgrades, allowing you to invest in your property’s future while managing one affordable monthly payment.
At-a-Glance:
Min down: 3–5%
Credit fit: Moderate to strong
Occupancy: Primary residences
Loan size: Conforming and FHA limits
Pros: Combine repairs and mortgage in one loan
Cons: Requires contractor bids and inspections
FAQs
A loan that finances purchase/refinance and renovations together.
Buyers of fixer-uppers or owners upgrading property.
Yes, bids are required before approval.
Yes, appraisal considers post-renovation value.
Ready to Start Your Mortgage Journey?
Apply online, schedule a quick call, or request a guided application with one of our licensed teammates.
