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Your Guide to Renovation Home Loans

September 28, 2024 | 1 min. read

You should never settle for less than your dream home. If you find one that’s “close enough” if it had a little tweak here or an improvement there, you can still finance a home and your improvements with only one loan.

Understanding the nuances of renovation home loans will help you decide if you are prepared to upgrade a “close enough” property to the home of your dreams.

Guiding You Home
Our loan officers can help you understand your home improvement loan options. Ask for a free consultation today.

Renovation Funds May Be Used For

  • Kitchen or Bathroom Remodel
  • New Paint, Flooring, Windows, Doors and Appliances
  • Home Theater or Game Room Upgrades
  • Structural Repairs
  • Significant Landscaping Changes

There are many options for renovation funds. Find a local renovation expert to discuss what program will meet your needs.

Renovation Loan Details

  • Finance your home purchase and improvements with a single, fixed-rate loan.
  • Already own and need to make some improvements? Finance improvements to your current home into a single loan with your current mortgage balance.
  • FHA, VA, USDA & Conventional options available.
  • Perfect for purchasing short sales & foreclosures that need a lot of updates or repairs.
  • Home equity loans and lines of credit are also available if a renovation loan isn’t a fit.
  • Fix and Flip options available for investment properties.
Mark Schlukebier
Author Details:

Mark Schlukebier

Summit Mortgage President / Chief Operating Officer

With more than 20 years of experience across mortgage operations, credit, compliance, and secondary markets, Mark brings a well-rounded, practical perspective to the evolving lending landscape. Drawing from hands-on leadership in scaling operations while maintaining strong compliance and investor confidence, his insights focus on what actually works in today’s market. Mark's active involvement in industry committees and regulatory groups also provides a front-row view into policy shifts and emerging trends, helping readers stay informed and ahead of change.

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