Define the work
Separate repairs from optional upgrades
Can I Use One Loan to Buy and Renovate a Home?
Yes. Some renovation mortgages combine a home purchase with eligible improvements in one loan. The property, work, contractor, and borrower must meet the selected program’s requirements.
Plan the work before the offer
Define the proposed repairs and ask the lender which renovation program fits. A contractor’s scope and cost estimate help the lender evaluate the work and the proposed completed value.
Make room for the process
Renovation financing includes additional review and work completion requirements. Coordinate the financing timeline, permits, contractor availability, and any temporary housing before committing to the property.
Review financing
Confirm eligible work and budget
Evaluate the home
Appraisal and contractor documentation
Complete the project
Follow the lender’s draw and inspection process
Talk to Dominique About Your Home Financing Options
Share your plans, priorities, and timing with Dominique.