Skip to Content

Renovation Mortgage

We make it possible to turn a fixer-upper into the perfect house with a renovation mortgage. It's like a purchase and construction loan in one!


Found a home that needs updating?

When you've found the perfect location, but the house is not in the best shape, we have a mortgage that could help you make it everything you want. Our Renovation Mortgage allows you to include financing for immediate upgrades to your new home.

Borrow more money for upgrades
One-step, one-time closing
Purchase and remodel

In a way, a Renovation Mortgage is like combining a home mortgage with a construction loan. You'll be able to purchase the home and borrow additional funds to refurbish the house right after the closing. There are particular guidelines to follow, so it's important to discuss your options with a mortgage specialist. Find a mortgage specialist near you or call (863) 688-8443 or toll free (855) 915-4663.

Apply for a Mortgage

Find a Mortgage Specialist


Learn about Renovation Mortgages

  • A loan for those who want to buy or refinance and make repairs/improvements with one loan
  • Finance up to 80% of loan-to-future-value1
  • Renovation funds are bundled into your mortgage so you only have one monthly payment
  • Cosmetic and structural renovations are allowed
  • Up to 30-years fixed and adjustable rate mortgages
  • Repairs or improvements must be permanently affixed to the property and add value to the property
  • $10,000 minimum in repairs required
  • Licensed General Contractor required



How much home can you afford?

Begin your search for a new house knowing exactly what will fit in your budget. Once you find your dream home, you’ll be able to make your offer, confident that you have the financing to seal the deal.
Notices & Disclosures
Membership and eligibility requirements apply. Limited time offer which may be cancelled at any time without notice. Maximum loan amount is $726,200. A purchase price of $350,000 on a primary residence plus $52,500 in improvements, with a 20% down payment, would result in a loan amount of $322,000. Payment Example: 30-year fixed-rate mortgage at a rate of 6.500% (6.593)% Annual Percentage Rate) would have a monthly payment of $2,035.26, which includes principal and interest. Payment example does not include taxes or insurance premiums; actual payment will be greater. REV 05/2023