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U.S. Department of Housing and Urban Development
Renovation loans open up more choices to homebuyers in a low inventory environment.
Has the potential for increased home equity.
This loan program is ideal for budget-conscious borrowers and first-time home buyers interested in renovating a fixer-upper home rather than purchasing a costlier, move-in ready property. The program combines a mortgage and renovation loan with flexible requirements, allowing you to build equity quickly and efficiently. By opting for a fixer-upper, you often face less competition from other buyers, offering you the opportunity to build significant equity in a short period of time through a series of manageable home improvements.
Unlock the keys to your dream home with advice and insider tips from our mortgage blog. Whether you're a first-time buyer or seasoned investor, our comprehensive guides may empower you to make informed decisions. Dive in now and navigate the path to homeownership with confidence!
All loans are subject to credit approval. Not all applicants will qualify. Information is subject to change with no prior notice. While multilingual representatives or loan officers are available, all loan disclosures and documents will be in English. You should seek translation assistance from a trusted third party if needed.