Specialty
Renovation Loans
Finance the home and the improvements in a single loan — buy, renovate, and build equity.
Overview
Renovation loans allow borrowers to finance both the purchase (or refinance) of a home and the cost of improvements in a single mortgage. Whether you are buying a fixer-upper, updating an older home, or adding square footage, renovation loans can simplify the process by rolling renovation costs into one monthly payment. Programs include FHA 203(k), Fannie Mae HomeStyle, and other options depending on the property and scope of work.
Who It May Fit
Buyers purchasing homes that need repairs or updates, and homeowners looking to refinance and renovate.
Potential Benefits
- Finance purchase and renovation in one loan
- Refinance and renovate an existing home
- Based on the home's after-improvement value
- Includes cosmetic and structural renovations
- Multiple program options (FHA 203(k), HomeStyle, etc.)
Important Considerations
- Renovation plans and contractor bids required
- Funds released in draws as work is completed
- May take longer to close than a standard loan
- Property condition and scope of work must meet program guidelines
Renovation Loans Specialists
Angela Valdez
Operations Manager Mortgage Loan Officer
With over 16 years of experience, I am dedicated to helping families across Oregon and Washington achieve their homeownership dreams. As a Loan Officer and Branch Operations Manager at One Eleven Mortgage, I combine deep expertise with personalized care to ensure a seamless lending experience.
Next Step
See if It Fits Your Goals
Connect with a One Eleven loan officer to review eligibility, structure, and next steps.