Home loans

Renovation
loans.

Buy or refinance and fund the renovation in one loan.

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The program

Buy the house and fund the work, in one loan.

A renovation loan lets you buy or refinance a home and include the cost of improvements in the same mortgage. It is a way to buy a house that needs work, or to update the one you have, without a separate loan for the project.

Some renovation programs base the loan on what the home will be worth after the work is done. Vadim helps you find the program that fits the project, from a new roof to a full remodel.

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What to know

Four things to know about renovation loans.

  1. 01

    Plans and bids first

    Lenders review the contractor’s bids and the scope of work before closing.

  2. 02

    Paid as the work is done

    Renovation funds are usually held and paid out in stages as the work is completed.

  3. 03

    Value after the work

    Some programs lend on the home’s expected value once the project is finished.

  4. 04

    Projects big and small

    Repairs, kitchens, roofs, energy upgrades or a full remodel.

Working with Vadim

One broker, from the first call to the keys.

  1. Talk it through

    A call about your plans, your numbers and your timeline.

  2. Apply once

    One application and one credit check, while Vadim looks at several lenders.

  3. Vadim shops the loan

    As a broker, he compares loans from multiple lenders and brings you the options.

  4. Close

    He stays with you through underwriting, the appraisal and closing.

Loan programs

Nine ways to buy or refinance a home.

Buying your first home, refinancing the one you have, or borrowing against it. Investing instead? See the investor loans.

For homebuyers

Buying or refinancing a home

Owner-occupied loans

Ask about home loans
09Programs
  1. ConventionalA standard mortgage that isn’t backed by the government.
  2. FHAInsured by the FHA, with flexible credit guidelines.
  3. VAFor eligible veterans, service members and surviving spouses.
  4. USDAFor eligible homes in rural and some suburban areas.
  5. JumboFor loan amounts above the conforming limit.
  6. RefinanceChange your rate or term, or take cash out.
  7. Second MortgageBorrow against your equity and keep your first mortgage.
  8. RenovationBuy or refinance and fund the renovation in one loan.
  9. Down Payment AssistancePrograms that can help cover your down payment.