Renovation & Construction Loans
Financing renovations and construction
Some programs combine an eligible purchase or refinance with renovation financing. Examples include agency renovation products, subject to current program availability. New construction may require a separate construction loan.
Scope of work, contractor approval, permits, appraisal, contingency reserves and draw inspections can affect eligibility and timing. Cosmetic renovations, major rehabilitation and ground-up construction are not interchangeable programs.
Discuss the project before signing a construction contract. Confirm which costs are eligible and how payments, completion deadlines and any permanent financing will work.
Explore your options
Start a mortgage inquiry or contact a mortgage professional. All loans are subject to credit, property and program approval. Terms and availability may change. This is not a commitment to lend.
Ready for the next step?
Start an inquiry and we’ll route it to a licensed loan officer, find an officer yourself, or open the separate secure application when you’re ready.