Rehab Loan
Fix up your fixer upper home with a Rehab Loan. If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the improvements into one loan.
A rehab loan allows you to finance both the purchase price and the cost of renovations in a single mortgage. This means you can buy a home that needs work and make it your dream home without needing a separate construction loan or paying cash for repairs.
How Rehab Loans Work
Purchase + Repairs
Finance both the purchase price of the home and the cost of renovations in one convenient loan.
Single Loan, One Payment
Avoid the complexity and cost of multiple loans. Get everything you need with one application and one monthly payment.
Wide Range of Repairs
Fund major renovations like kitchens, bathrooms, roofing, HVAC systems, and structural improvements.
Increase Home Value
Transform a fixer-upper into your dream home while building equity through strategic improvements.
Common Types of Rehab Loans
- FHA 203(k) Loan:Government-backed option for both minor repairs and major renovations with low down payment requirements.
- Fannie Mae HomeStyle Loan:Conventional loan option that allows financing up to 75% of the home's after-improved value.
- VA Renovation Loan:For eligible veterans and service members, offering no down payment rehab financing.
Ready to Transform a Fixer-Upper?
Our rehab loan specialists can help you understand which program is right for your project, estimate renovation costs, and guide you through the entire process from purchase to completion.