Rehab Loan.
You may be able to purchase a home and roll the costs of the renovation into your loan.
Fix Up Your Fixer-Upper with a Rehab Loan
Found the perfect home that needs a little work? A rehab loanYour Company Name lets you finance both the purchase price and renovation costs in one convenient mortgage. It’s a simple way to buy, repair, and move into your ideal home—without juggling multiple loans or high-interest credit options.
What Is a Rehab Loan?
A Rehab Loan, also known as a Renovation Loan, combines your home purchase and remodeling expenses into a single mortgage. This loan can cover structural repairs, cosmetic upgrades, or essential improvements to make the property livable and up to modern standards.
Two of the most common types include:
FHA 203(k) Loan — Allows buyers to finance both the home purchase and renovation costs under one FHA-insured mortgage. Ideal for homes needing updates, repairs, or modernization.
VA Renovation Loan — Available to eligible military members and veterans, this loan combines home purchase and renovation financing into one VA-backed mortgage.
Both options offer competitive rates, low down payments, and flexible credit requirements, making them accessible for a wide range of buyers.
Do I Qualify?
Rehab loans generally follow similar qualification standards as FHA or VA loans, with a few extra steps for renovation approval. Lenders typically evaluate:
Credit score and debt-to-income ratio (DTI)
Verified income and employment
Detailed renovation plans and contractor estimates
Appraisal showing the home’s post-renovation value
With Your Company Name, our specialists guide you through every step — from getting pre-approved to finalizing your renovation budget.
Benefits of a Rehab Loan
Here’s why a Rehab Loan from Your Company Name might be the perfect fit:
One Loan, One Payment — Combine purchase and renovation costs into a single mortgage.
Low Down Payment Options — Take advantage of FHA or VA program benefits.
Competitive Interest Rates — Enjoy lower rates than most personal or construction loans.
Increased Property Value — Improve your home’s worth through smart renovations.
Flexible Project Options — Use funds for upgrades, repairs, or full remodels.