Buy a home and include the renovation costs in your mortgage with one convenient loan.
Finding the right home isn’t always easy, especially when the property you love needs work. A rehab loan can help turn a fixer-upper into the home you’ve been dreaming of.
A rehab loan, such as an FHA 203(k), allows you to purchase a home and include the cost of renovations in the same mortgage. Instead of taking out separate loans for repairs, everything is combined into one loan with one monthly payment.
After determining the scope of improvements, the loan is structured to cover both the purchase price and the renovation costs. This makes it easier to finance updates like kitchens, bathrooms, flooring, roofing, or even larger structural repairs.
Rehab loans can make homes more affordable, increase property value, and give you the flexibility to customize the space to fit your needs. Whether you’re looking to create your primary residence or invest in a property with potential, this program can open the door to opportunities that might otherwise be overlooked.
If you’re considering a home that needs work, we can help you explore whether a rehab loan is the right fit for your goals.
