Renovation
Plan the home and the improvements together.

How it works

Eligible primary-residence renovation financing may combine a purchase or refinance with approved improvements. Availability depends on the loan program, property, proposed work, and lender.

Understand the tradeoffs

Get written bids and ask about contractor approval, contingency reserves, inspections, draw schedules, and time to complete the work. Do not assume every repair or do-it-yourself project is eligible.

What to prepare

Detailed contractor bids, proposed scope, property information, and normal income and asset documentation.

Your next conversation

Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.

Read the official consumer resource ↗