What’s a Renovation Loan?
Renovation loans are designed to help people attain financing for the renovation of their home at the lowest rate available, based on the future value of their home’s value. Transform your current space into your dream home with a renovation loan, available in either a fixed rate or variable rate option. Fall in love with your home all over again… renovate the home you already own.
Recent Houzz and related studies show median actual renovation spending at about 20,000 dollars per renovating household in 2024, suggesting realized 2025 spending will likely sit in the mid‑teens to around 20,000 dollars for a “typical” renovating homeowner.
– as of Dec 05, 2025
For Qualified Borrowers
- Keep existing mortgage without refinancing
- Get lower rates based on the value of your home after the renovations
- Pay early without penalties
- Choose either a fixed rate or HELOC option
Eligible Properties
- A family home / owner occupied
- A condominium unit
- A manufactured housing unit built on a permanent foundation
Renovation Loans are being made available in: New Jersey, New York, Connecticut, Maryland, Virginia
"*" indicates required fields
