Renovation Loan Programs

Turn your house into your dream home while enhancing its value.

Whether opting to renovate your existing home to better fit your needs or choosing to purchase a fixer-upper, a renovation is a big (and exciting!) step. It’s important to ensure you are working with a dedicated team with a record of renovation knowledge, experience, and reputation.


FHA 203(K) Renovation Loan Program

A FHA 203(K) renovation loan is a government loan program backed by the Federal Housing Administration (FHA) and are offered in 2 different loan types to best fit your renovation needs including the Standard 203(K) loan and the Limited 203(K) loan.

A Standard 203(K) loan is intended for homes needing major renovations, structural repairs or other changes exceeding $35,000 versus a Limited 203(K) loan is intended for simple, non-structural repairs and renovations up to $35,000.

Eligible improvements for a Standard 203(K) loan:
Eligible improvements for a Limited 203(K) loan:

Fannie Mae HomeStyle® Renovation Loan Program

The Fannie Mae HomeStyle® renovation loan can be used for a primary or secondary home or investment property. It allows for the financing of basic renovations and luxury items including swimming pools, detached garages and gazebos.

Freddie Mac CHOICERenovation Loan Program

The Freddie Mac CHOICERenovation loan can also be used for the financing of basic renovations and luxury items including swimming pools, detached garages and gazebos. Pool projects consisting of only pool installation, decking and/or any fencing or netting immediately surrounding the pool may be eligible for reduced documentation.


“I had the greatest experience ever working with Jennifer Simpson on my renovation/home loan. She made the process so simple and stress free. From start to finish everything was very well explained and not once was I left trying to figure anything out. Jennifer was always very accessible. I would tell anyone who is trying to renovate or buy a home to contact her. She knows what she is doing, and she will take great care of you. I was beyond blessed to have worked with her.”

-Treshanda | Past Renovation Client

Contact Us

If you’ve ever wondered about additions, installing/repairing/upgrading plumbing, HVAC, electrical or plumbing systems, remodeling your kitchen or bathroom, upgrading your roof, well or septic system, accessibility improvements for peoples with disabilities or eliminating health and safety hazards, termite removal and mold remediation – contact our team today!


This is not a commitment to lend. All loans subject to program guidelines including credit and property approval. If refinancing an existing loan, the total finance charges may be higher over the life of the loan.