Home Renovation
Loans
Home Renovation
Loans
RENOVATION LOANS TO IMPROVE THE HOME YOU LOVE
USE YOUR HOME’S EQUITY TO GET QUICK, EASY ACCESS TO CASH
- Finance home improvements and pay for much-needed repairs or upgrades
- Remodel your kitchen, finish your basement, or even add a deck and in-ground pool
- Upgrade your home and increase it’s value – put on a new addition, add a bathroom and more
Whether you need a new roof or your kitchen is outdated, there is a mortgage that’s right for your fixer-upper, including:
| Home renovation loan | Minimum credit score | Minimum down payment / Equity required |
|---|---|---|
| Fannie Mae HomeStyle loan | 620 | 5% down payment |
| FHA 203(k) loan | 620 | 3.5% down payment |
| Home equity loan / HELOC | 620 | 20% equity |
| Cash-out refinancing | 640 | 20% equity |
| Home renovation loan | Minimum credit score | Minimum down payment / Equity required |
|---|---|---|
| Fannie Mae HomeStyle loan | 620 | 5% down payment |
| FHA 203(k) loan | 620 | 3.5% down payment |
| Home equity loan / HELOC | 620 | 20% equity |
| Cash-out refinancing | 640 | 20% equity |