Rehab Loans

What is a Rehab Loan?

The right rehab loan can turn a tired listing into your dream home. Whether it's a 1980s kitchen, a leaking roof, or a full structural overhaul, a rehab mortgage finances the work in one closing.

Two main programs serve most borrowers: the FHA 203(k) for low-down-payment and flexible-credit scenarios, and the Fannie Mae HomeStyle for stronger credit profiles and luxury-friendly renovations.

[Your Company] has a dedicated rehab lending team that has guided hundreds of buyers through bids, draws, and inspections. We make rehab financing feel as smooth as a standard purchase.

A rehab loan (FHA 203(k) or Conventional HomeStyle) lets you wrap renovation costs into your mortgage — perfect for fixer-uppers and dated properties with great bones.

Who qualifies for a Rehab Loan?

This program is built for borrowers who match the criteria below. Not sure where you stand? Send us a quick message and we'll confirm in minutes.

• Buyers eyeing fixer-uppers in great neighborhoods
• Homeowners who want to renovate their current home
• Investors converting properties to primary residences
• Anyone who needs structural or major system repairs

Advantages of Rehab Loans

• One Loan, One Close — Combine purchase price and renovation budget into a single mortgage.
• Low Down Payment — FHA 203(k) requires only 3.5% down on the total project cost.
• Renovate To Your Taste — Kitchen, baths, additions, roof, HVAC — most improvements are eligible.
• Use The After-Renovation Value — Loan is based on the home's post-renovation appraised value.

How the process works

1. Estimate Scope — A licensed contractor provides a renovation bid.
2. Apply — We underwrite based on contractor bid and after-repair value.
3. Close & Begin Work — Renovation funds are held in escrow and released as work completes.
4. Final Inspection — Final draw released after city inspection sign-off.