Fix up your fixer-upper home with a Rehab Loan. If you have found the perfect home but it needs renovation, you can purchase the home and include the costs of the renovation in your mortgage.

A FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of both the home purchase and the renovation in one mortgage, typically at a competitive rate. In 2025, typical FHA 203(k) loans carry interest rates that are 0.5%–1.0% higher than standard FHA loans.
The VA Renovation/VA Rehab Loan offers a similar option for eligible military service members and veterans: purchase a home and finance required renovations (often with no down payment).

Rehab loans generally have similar qualification requirements to standard FHA or VA loans—such as credit, income, and property standards—but include additional documentation related to the renovation plan, cost estimates, and timeline.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.