Loan programs

Renovation loan (203k / HomeStyle)

A loan that finances the purchase or refinance plus the cost of repairs, such as FHA 203(k) or Fannie Mae HomeStyle.

Why it is hard

Contractor bids, consultants, draw schedules and as-completed appraisals add steps many loan officers avoid.

What to ask a loan officer

How many renovation loans have you closed, and which programs?
How do contractor draws and inspections work?
What happens if the renovation runs over budget?

Also called

renovation, 203k, 203(k), homestyle, fixer upper, fixer-upper, rehab loan, remodel loan, chenoa renovation

Find a loan officer

Ranked loan officers by state and city are coming soon. Agents can query now: /api/v1/loan-officers?specialty=renovation&state=FL or this specialty as JSON.