Renovation & Construction
Renovation, Construction & Property Rescue
Financing for building, improving, repairing, or protecting a property — from fixer-uppers to ground-up construction and everything in between.
Renovation & Construction Loan Programs
From cosmetic upgrades to ground-up builds — we have a program for every project scope.
FHA 203(k) Loan
Government-backed renovation loan that bundles purchase and rehab costs into one mortgage. Available as Standard (major structural work) or Limited (cosmetic upgrades up to $35,000).
Fannie Mae HomeStyle
Conventional renovation loan with flexible guidelines. Finance up to 75% of the as-completed appraised value — ideal for higher-end renovations or investment properties.
Construction-to-Permanent
One-time close loan that covers land, construction costs, and converts to a permanent mortgage at completion — saving you from two separate closings and duplicate fees.
Fix-and-Flip Financing
Short-term bridge loans for investors purchasing distressed properties to renovate and resell. Fast approvals, asset-based underwriting, and flexible draw schedules.
ADU Construction Loans
Finance the construction of an Accessory Dwelling Unit on your existing property. Add rental income potential or multigenerational living space with purpose-built ADU financing.
Scope of Work Loans
Loans structured around a detailed contractor scope of work and draw schedule. Funds are released in stages as inspections confirm completed milestones.
HELOC for Renovations
Tap existing home equity to fund renovations. Flexible draw period lets you access funds as needed throughout the project.
Cash-Out Refinance
Refinance your existing mortgage and pull out equity to fund a renovation or construction project. Combine your mortgage and renovation costs into one loan.
Renovation vs. Construction: What's the Difference?
| Factor | Renovation Loan | Construction Loan |
|---|---|---|
| Purpose | Improve or repair an existing structure | Build a new structure from the ground up |
| Loan Type | FHA 203(k), HomeStyle, HELOC | Construction-to-permanent, land + build |
| Draw Schedule | Milestone-based draws from escrow | Phase-based draws tied to inspections |
| Timeline | 3–9 months typical | 9–18 months typical |
| Appraisal Basis | As-completed value | Plans and specs + land value |
Why Borrowers Choose LendingPurpose.com
Who This Is For
Ready to Start Your Project?
Renovation and construction loans are complex — but the right structure makes all the difference. Let's review your project and find the best financing path.