Renovation Loans
Made Possible.
Buy the home. Fix the home. Love the home.
Found a house with great bones but outdated everything? Need repairs completed before the loan can move forward? Want to refinance and finally tackle the renovation list? Renovation financing may allow eligible borrowers to roll the cost of approved repairs, updates, or improvements directly into their home loan.
TALK TO YOUR LOAN OFFICER
Riley Remodel
Renovation Loan Specialist
NMLS #1234567
Ph: (555) 123-4567
E: [email protected]
W: rileyremodel.supremelending.com
MEET YOUR LOAN EXPERT
Your Trusted Guide for Renovation & Home Financing
Riley Remodel is a Loan Officer who loves helping borrowers and Realtors see what is possible when a home needs a little work — or a lot.
Renovation loans are one of Riley’s favorite ways to help clients think bigger. Whether a borrower is buying a fixer-upper, refinancing to finally tackle a wish-list project, navigating appraisal-required repairs, or planning a full renovation, Riley enjoys helping turn “this home needs work” into “this could actually work.”
With a strong focus on education, communication, and smart loan strategy, Riley helps borrowers and real estate partners understand renovation financing from the first conversation through closing.
✓ Clear communication from start to finish
✓ Guidance for purchase and refinance renovation scenarios
✓ Support with FHA 203(k), HomeStyle®
✓ Renovation, and VA renovation options
✓ Help understanding repair, appraisal, and project requirements
✓ A more confident path forward when a home needs work
solutions
Renovation Loan Solutions That Open More Doors
01
FHA 203(k) renovation options available
02
HomeStyle® Renovation conventional financing options
03
VA renovation loan solutions for eligible borrowers
04
Purchase and refinance renovation opportunities
05
Repairs, updates, additions, and larger projects when eligible
Renovation Financing Options
From Fix-It Lists to Dream-Home Projects
Renovation loans may allow eligible borrowers to combine the cost of the home and approved improvements into one mortgage. Buyers may not have to walk away just because the home needs work — and homeowners may not need separate financing to improve the home they already love.
Buy a Home That Needs Work
Love the neighborhood but not the kitchen? Found the right layout but the home needs repairs? Renovation financing may help buyers look beyond move-in-ready homes and see the potential.
Refinance and Renovate
Love the neighborhood but not the kitchen? Found the right layout but the home needs repairs? Renovation financing may help buyers look beyond move-in-ready homes and see the potential.
Repairs, Updates & Bigger Projects
From appraisal-required repairs to major renovations, eligible projects may include cosmetic updates, system repairs, additions, pools, pole barns, and more depending on the loan program.
FHA 203(k) Renovation Loans
For FHA Buyers, Repairs & Homes With Potential
Purchase or refinance — and finance eligible repairs at the same time.
FHA 203(k) financing can help eligible borrowers purchase or refinance a home while also financing eligible repairs or improvements.
This option can be especially helpful when a home needs repairs to meet FHA requirements, including certain health and safety items, or when a buyer wants to purchase a home and make improvements after closing.
✓ FHA appraisal-required repairs
Health and safety repairs
✓ Roof, HVAC, plumbing, or electrical repairs, when eligible
✓ Flooring, paint, and basic updates
✓ Kitchen or bathroom improvements
✓ Larger renovation projects, when eligible
A home with repair issues does not always have to be a dealbreaker. It may just need the right renovation loan strategy.
VA Renovation Loans
Helping Eligible Veterans Improve the Home They Choose
For Veterans, active-duty service members, and qualifying borrowers.
VA renovation financing may provide a way to purchase or refinance a home while also financing eligible repairs or improvements — so VA buyers can consider homes that need work instead of limiting the search only to move-in-ready properties.
✓ Purchase transactions
✓ Refinance transactions
✓ Eligible repairs and improvements
✓ Safety, function, or livability-related repairs
✓ Updates that make the home more comfortable
✓ Homes with strong potential but needed improvements
For VA buyers, the right home may need a little work — and renovation financing may help make that possible.
HomeStyle® Renovation Loans
Conventional Financing for Bigger Possibilities
A conventional renovation loan option that may finance improvements into a purchase or refinance.
HomeStyle® Renovation may be a great fit for buyers who want to customize a home after closing or homeowners who are ready to take on bigger improvements through a refinance.
✓ Kitchen renovations
✓ Bathroom updates
✓ Flooring, paint, and finishes
✓ Additions or layout changes
✓ Outdoor living improvements
✓ Pools, when eligible
✓ Pole barns or detached structures, when eligible
✓ Energy-efficient upgrades
If the home has potential, renovation financing may help bring the vision to life.
education
What Buyers & Realtors Should Know
About Renovation Loans
Renovation financing works best when the conversation starts early.
The property, project, appraisal, contractor, repair scope, timeline, and loan program all matter.
STEP 1
STEP 2
STEP 3
STEP 4
STEP 1
What needs to be done?
Repairs, updates, improvements, additions, or a larger renovation plan — the project details matter.
STEP 2
Is anything required by the appraisal?
Some homes may need repairs before financing can move forward, especially with FHA health and safety items.
STEP 3
What loan program fits best?
FHA 203(k), HomeStyle® Renovation, and VA renovation loans each have different requirements and eligible uses.
STEP 4
Who is doing the work?
Contractor bids, project details, and documentation may be required depending on the program and scope of work.
start the process now, contact me
Before You Say “This House Needs Too Much Work,”
Let’s Take a Closer Look.
That outdated kitchen? Maybe fixable.
Those appraisal repairs? Maybe financeable.
That unfinished basement, future pool, addition, or pole barn? Worth a conversation.
That home you almost passed on? It may still have a path forward.
With FHA 203(k), HomeStyle® Renovation, and VA renovation loan options, eligible borrowers may be able to finance approved repairs or improvements directly into the mortgage.
Loan Officer Name | NMLS #2129 | Tel: 111.222.3333 | E: [email protected] | W: FirstLast.SupremeLending.com
This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. For New York applicants, please visit our New York authorized website: www.supremelendingnewyork.com. © 2024 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org ) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. For licensing information, go to: www.nmlsconsumeraccess.org . Supreme Lending is an equal opportunity employer and does not practice discrimination based on age, gender, race, religion, national origin, as well as any other rights afforded to applicants under state and federal law.
This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.