Renovation Loans
Transform your home with a loan that offers you a simple process and flexible repayment options.
Get a quoteBenefits
- Fund repairs, renovations, or upgrades with a single mortgage.
- Enhance your home's value and functionality with customized renovations.
- Combine purchase or refinance with renovation financing, simplifying the loan process.
- Choose from various repayment terms and interest rate options.
- Avoid depleting savings or high-interest credit cards by financing renovations through your mortgage.
Eligibility requirements
- Property Eligibility: Eligible properties include primary residences, second homes, or investment properties.
- Renovation Scope: Lenders assess the proposed renovation plans and budget to ensure feasibility.
- Loan Limits: Renovation loans have maximum loan amounts based on property value and renovation costs.
- Loan Limits: Renovation loans have maximum loan amounts based on property value and renovation costs.
- Appraisal Process: Appraisals consider the home's current value and the estimated value after renovations.
Example
Meet David & Emily
David and Emily, a young couple purchasing their first home, opt for a renovation loan to update an older property. With financing for both the purchase and renovations, they create their dream home without draining their savings.
How can we help you today?
Get pre-approved
See how much you can afford and shop for homes with confidence.
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