One Loan, One Payment
Finance the purchase and the improvements together, with a single closing and a single monthly payment.
One loan to buy the home and fix it up. A renovation loan — like the FHA 203(k) — bundles the purchase price and the cost of repairs into a single mortgage, based on what the home will be worth once the work is done. It's how a fixer-upper becomes the place you've been picturing.
A renovation loan rolls the cost of buying (or refinancing) a home together with the cost of improving it into one mortgage. Instead of taking out a separate loan or paying cash for repairs, you finance both at once — and the amount you can borrow is based on the home's value after the planned renovations are complete, not its current as-is condition. The most widely used version is the FHA 203(k), which comes in a Standard form for major projects and a Limited form for smaller ones.
Along the Emerald Coast, plenty of well-located homes have great bones but need some love — an older coastal cottage, or a place that took a beating from a storm. A renovation loan lets a buyer take one of those on and make it right from day one, without draining savings to do it.
Finance the purchase and the improvements together, with a single closing and a single monthly payment.
Buy a place with good bones and renovate it into the home you actually want — on your terms.
Borrowing is figured on what the home will be worth once the work is finished, not its as-is condition.
Choose a Standard 203(k) for major or structural work, or a Limited 203(k) for smaller, cosmetic projects.
Three simple steps from “just looking” to keys in hand.
We'll review your credit, income, and goals to show what you can take on — the purchase plus a renovation budget — and give you a clear price range.
Work with a licensed contractor to define the project and gather bids. An appraiser uses that scope to estimate the home's after-improved value.
At closing the loan funds the purchase, and the renovation money is set aside and released to your contractor as the work is completed.
Let’s find out if a Renovation Loan is the right fit for you. It takes just a few minutes — no obligation.