these are the most underutilized programs in the country! ask us how you can benefit 

Renovation Loans | Finance West Lending

Finance Your Home Purchase and Improvements Together

At Finance West Lending, we know that many homes need a little work to become your dream home. With renovation loans, you can finance both the cost of the property and the cost of repairs or upgrades in one convenient mortgage.

Whether you’re buying a fixer-upper, making energy-efficient improvements, or upgrading your current home, renovation loans like the FHA 203(k), Fannie Mae HomeStyle®, and Freddie Mac CHOICERenovation® give you the flexibility to buy, refinance, and renovate—all in one loan.

Key Features of Renovation Loans

One Loan, One Payment – Combine purchase price (or refinance) with renovation costs.

Low Down Payment Options – Especially with FHA 203(k) financing.

Wide Range of Projects – From kitchens and bathrooms to roofs, flooring, and energy upgrades.

Flexibility with Loan Types – Choose government-backed or conventional renovation financing.

Available for Purchases or Refinances – Upgrade your home while keeping one monthly payment.

FHA 203(k) Renovation Loan

The FHA 203(k) loan is a government-backed program that makes it easier to finance needed repairs and improvements.

Low Down Payment – As little as 3.5% down.

Credit Flexibility – Ideal for borrowers with moderate credit scores.

Covers Major and Minor Repairs – From new appliances to structural improvements.

Great for First-Time Buyers – Buy a home that needs work and make it your own.

Fannie Mae HomeStyle® Renovation Loan

The HomeStyle Renovation Loan offers conventional financing for a wide range of projects.

Conventional Loan Benefits – Competitive interest rates and flexible terms.

Covers Luxury Upgrades – Unlike FHA 203(k), it can be used for additions like pools or upscale finishes.

Primary, Second Homes, or Investment Properties – Broader eligibility than FHA.

Great for Larger Projects – Finance high-value improvements with one mortgage.

Freddie Mac CHOICERenovation® Loan

The CHOICERenovation Loan is another flexible conventional option.

Finance Renovations with One Loan – Combine costs into a single mortgage.

Disaster-Resilient Upgrades – Covers improvements to make homes safer against natural disasters.

Investment Property Eligible – Like HomeStyle, it’s available beyond just primary residences.

Competitive Interest Rates – With the security of a conventional loan.

Renovation Loan vs. Personal Loan or HELOC

Lower Rates – Renovation loans typically offer lower rates than personal loans or credit cards.

Bigger Budgets – Finance major projects that might be out of reach with a HELOC or cash-out refi.

One Simple Loan – Easier to manage than juggling multiple financing options.

Benefits of Renovation Loans

Turn a Fixer-Upper into a Dream Home – Don’t settle—upgrade as you buy.

Add Value to Your Property – Renovations can boost long-term equity.

Affordable Financing – Combine purchase and renovation with lower down payment options.

Flexibility – Choose the program (FHA or conventional) that fits your situation.

Is a Renovation Loan Right for You?

A renovation loan could be your best choice if you:

Want to buy a fixer-upper and roll repairs into your mortgage.

Plan to remodel your current home with a refinance.

Need flexible financing for major projects.

Want to build equity faster by improving your home’s value.

Why Choose Finance West Lending?

At Finance West Lending, we make renovation loans simple. Our mortgage specialists help you:

Compare FHA 203(k), Fannie Mae HomeStyle, and Freddie Mac CHOICERenovation.

Understand guidelines and eligible improvements.

Work with approved contractors to streamline the process.

Close with confidence, knowing your project is fully financed.

Start Your Renovation Loan Journey Today

Ready to turn your home into everything you’ve envisioned? With Finance West Lending, renovation financing is simple, affordable, and designed around your goals.