Fix up your fixer upper home with a Rehab Loan. If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.

An FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.

The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.

Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.

Compare Loan Options

Not sure this is the right fit? Compare it with a few other loan programs that might work better for your situation:

• FHA loans for move-in-ready homes
• Investment property loans if you’re rehabbing a rental
• Fixed rate mortgages for homes that don’t need renovation
• Or browse all of our loan options

Have more questions? Check out our FAQ page for answers to what we hear most, or contact us directly — our loan officers are happy to help.