Finance the purchase or refinance of a home plus the renovation costs with one mortgage. Ideal for fixer-uppers, homes that need repairs, or homeowners ready to upgrade without draining savings.
Serving Austin, TX • Travis County • Williamson County • Hays County
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Renovation financing helps you consider homes that need work, not just the move-in ready ones everyone is fighting over.
Instead of paying out of pocket later, eligible improvements can be financed into the mortgage from the start.
Strategic upgrades can improve livability and potentially increase the property’s value right away.
Many Austin-area homes need updates, repairs, modernization, or expansion to match today’s buyer expectations.
A renovation loan lets you finance both the home and the cost of improvements into one mortgage. That can apply to a home purchase or, in some cases, a refinance of your current home.
Instead of buying a property and then searching for a separate way to pay for updates, you may be able to combine it into one structured loan solution.
A strong option for primary residences with low down payment flexibility. Great for buyers who want a more forgiving credit profile than some conventional options.
A flexible conventional option for buyers or homeowners who qualify and want a renovation loan with broad improvement possibilities.
For eligible veterans and qualified military borrowers who want to purchase or improve a home using VA benefits where available.
Available in eligible rural and semi-rural areas outside core urban zones. Some areas outside Austin may qualify, creating powerful affordability opportunities.
Austin remains competitive, and many move-in ready homes attract strong demand. Renovation financing opens the door to homes that need cosmetic updates, repairs, or reconfiguration — which can mean less competition and more upside.
In many neighborhoods, older homes have great locations but outdated interiors. A renovation loan can help turn an “almost” house into the right home.
Let’s review your goals, loan options, and whether a renovation mortgage is the right fit.
We review your goals, scenario, and loan program options.
Buy a home that needs updates, or explore renovation financing for your current home.
Contractor bids and project details are prepared for the renovation review process.
The financing is finalized and structured to include approved renovation funds.
Funds are typically released in draws or stages as work is completed and documented.
Renovation loans can help turn outdated listings into closable opportunities. That means more options for your clients and more ways to save a deal that might otherwise fall apart.
If you already own a home and mainly want to access equity for updates, repairs, or remodeling, a digital HELOC may be a better fit than a full renovation mortgage.
Soft pull option available. Fast, convenient, and ideal for borrowers who want a simpler path to renovation funds.
Yes. That is one of the most common uses. Renovation financing can help buyers purchase a home that needs work and include eligible improvement costs in the mortgage.
In some cases, yes. Renovation refinance options may allow homeowners to improve their current property instead of moving.
Usually, yes. Renovation loan programs typically require licensed contractors and documented bids or scope-of-work details for approval.
Eligible improvements often include kitchens, bathrooms, roofing, HVAC, flooring, safety repairs, structural items, and other updates that improve the property.
Yes, for qualified borrowers and eligible properties. USDA eligibility depends on the property location, and VA renovation options depend on program availability and borrower eligibility.
Timelines vary by program, property, contractor documentation, and appraisal needs, but renovation loans usually involve more steps than a standard purchase loan.
Whether you are buying a fixer-upper, modernizing your current home, or helping clients find creative financing solutions, this page is built to help you take the next step.
Want to better understand your renovation loan options? These Texas renovation loan resources explain the major programs, common use cases, and how to compare renovation financing with other home improvement options.
Learn how FHA 203(k) financing can help buyers purchase and renovate a home with one loan.
Explore conventional renovation financing for eligible buyers and homeowners.
See how buyers can finance homes that need repairs, updates, or full renovations.
Compare renovation mortgages with home equity options for repairs and upgrades.
Get answers to common questions about renovation loans, contractors, timelines, and eligible improvements.