Are You Planning a Spring Spruce Up?

Home Renovation Financing

overhead shot of woman sitting on couch looking at pink wallpaper for home renovation

In the spring, homeowners get the urge to clean things up and change things around the house. Maybe you find yourself with the itch to remodel or do a home renovation for your house or investment property.

Can I Borrow Money to Renovate My House?

I field calls and emails daily from my clients inquiring about the various mortgage options to fix up their homes: from new paint to a complete tear-down. As matter of fact, check out my renovation client reviews here. Did you know that there are lots of financing options to help make a remodel happen?

What Kind of Loan Can I Get to Fix Up My House?

  1. One of my clients needed a new HVAC system. We financed 100% of that AND lowered her rate.
  2. Another of my clients had over $250K of various things upgrades and repairs. No problem! We were able to do a construction loan by refinancing their current home plus the construction costs with no money out of pocket.
  3. One client added a detached garage with a small office. They were excited to discover that I have a Fannie Mae program for that type of project.
  4. Another client bought a run-down investment property. We were able to finance 80% of the entire project: acquisition price + renovations. The customer only had to come up with only 20% of the renovation costs. Now, they are getting top-dollar rent with positive cash flow.
  5. Finally, one of my clients had so much equity in his home that he was able to do a cash-out refinance. He used the money how he wanted to update his home.

It’s a good time to do a renovation loan while interest rates are so low. Renovation loans are different than improvement loans, which have higher rates and shorter terms. If you have a goal to fix up your place, drop me a line to see if we can assist.

Also, I have a handy renovation loan FAQ if you would like to read more about this type of home financing product. I love working with construction loans and have plenty of experience and great customer reviews confirming that I am a trusted and knowledgeable resource for any mortgage questions that you need to be answered. I will give you an honest assessment of what we can do to help you reach your goals. Contact me today, I will get back to you right away!

2 replies
  1. Norman knights
    Norman knights says:

    Home renovation financing is a crucial consideration when planning for home improvement projects. While there are various options available, such as personal loans, home equity loans, or lines of credit, one question that often arises is: which financing option offers the most favorable terms and interest rates? It’s important for homeowners to research and compare different lenders, considering factors such as interest rates, repayment terms, and any associated fees. By doing so, homeowners can make an informed decision and choose the financing option that best suits their needs and financial circumstances.

    • Joel Richardson
      Joel Richardson says:

      Thank you for taking the time to comment. We agree to do research and comparison shopping is essential. In addition to the factors listed above, we would add that homebuyers should assess a lender’s experience and knowledge, especially regarding renovation lending. As a leading and experienced home renovation loan team, we have seen our share of clients who come to us because their previous lenders lacked the expertise to help them get the job done correctly in the first place.


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