Turn a fixer-upper into your dream home or give your current home the upgrades it deserves. With a renovation loan from Arnaiz Mortgage, you can finance both the purchase price and the cost of home improvements in one convenient mortgage.
Whether you’re updating a kitchen, adding a room, or making repairs before move-in, a home renovation loan offers the flexibility and affordability to make it happen.
What Is a Renovation Loan?
A renovation loan (sometimes called a home improvement loan) lets you borrow based on the future value of your property after the upgrades are completed, not just what it’s worth right now.
That means you can roll renovation or repair costs into your mortgage instead of taking out separate loans or draining your savings. It’s a powerful way to finance upgrades, especially in Arizona’s competitive housing market where move-in-ready homes can come at a premium.
How Renovation Loans Work
- Get approved for your renovation loan — We’ll help you qualify based on the estimated post-renovation value of your home.
- Select a licensed contractor — You’ll work with a professional to finalize project details and costs.
- Close your loan — The funds for your home purchase and renovations are bundled into one mortgage.
- Renovation begins — Funds are released in stages as work is completed and inspected.
From kitchen remodels to structural repairs, you can customize your project to suit your needs, all while keeping your financing simple and streamlined.
Types of Home Renovation Loans in Arizona
At Arnaiz Mortgage, we offer several renovation and home improvement loan options depending on your property type, goals, and budget:
| Loan Program | Best For | Highlights |
| FHA 203(k) Loan | Buyers with limited down payments | Finance up to 96.5% of your home’s post-renovation value; great for first-time buyers |
| Conventional HomeStyle® Loan | Homeowners with good credit | Flexible program for most renovation types, including luxury upgrades |
| VA Renovation Loan | Eligible veterans and service members | Combine VA benefits with funds for home improvements or repairs |
| Cash-Out Refinance | Current homeowners with equity | Refinance your mortgage and use your equity for major upgrades or repairs |
Why Arizona Homeowners Choose Arnaiz Mortgage
- Local expertise — We understand Arizona’s housing market, from Phoenix to Tucson and everywhere in between.
- Flexible programs — FHA, conventional, and VA renovation loans tailored to your needs.
- All-in-one financing — Purchase or refinance and renovate with a single, convenient loan.
- Personal guidance — You’ll work directly with an experienced loan officer who helps you through every step.
- Fast closings — Most renovation loans close within 30 days, so you can start your project sooner.
What Can You Finance with a Home Improvement Loan?
A home improvement loan can cover a wide range of projects, large or small. Common uses include:
- Kitchen and bathroom remodels
- Roof repair or replacement
- Room additions or garage conversions
- Flooring, HVAC, or plumbing upgrades
- Energy-efficient improvements
- Accessibility modifications
- Cosmetic updates or structural repairs
Whether it’s your forever home or a property you’re restoring for resale, a renovation loan helps you maximize value and comfort.
Start Your Home Renovation Journey
Your dream home might be closer than you think. It could just need a little work. With a renovation loan from Arnaiz Mortgage, you can create the home you’ve always wanted without juggling multiple loans or contractors.
- Get a Renovation Loan Quote
- Apply Online
- Schedule a Consultation
Serving homeowners across Phoenix, Scottsdale, Mesa, Gilbert, Chandler, and Tucson, Arnaiz Mortgage is your trusted Arizona partner for home improvement and renovation financing.
