Loan Options • Rehab Loan
Renovation and rehab loans
Buy a home that needs work, or update the one you have, and roll the cost of repairs into a single mortgage.
★★★★★ 5.0 on Google from 160+ clients | Company NMLS #1835856
At a glance
- FHA 203(k) standard and limited options
- Conventional renovation options
- Finance repairs and improvements with your purchase or refinance
- One loan and one closing
Talk with a licensed loan officer
Is it right for you?
Who it’s for
A rehab loan opens up homes other buyers pass over. It can also help homeowners make major updates without taking out a separate loan. Learn more about FHA 203(k) renovation loans.
Good to know
- Work must be completed by licensed contractors with a written bid.
- Repair funds are held and released as the work is completed.
- Plan extra time for contractor bids and inspections.
How it works
- Talk with usA quick, no-pressure call about your goals and budget.
- Apply onlineA secure application you can finish in minutes.
- Review your optionsClear numbers side by side so you can choose with confidence.
- CloseRegular updates from approval to the closing table.
FAQs
Common questions
What can I fix with a rehab loan?
Many improvements qualify, from new roofs, kitchens and bathrooms to flooring, HVAC and accessibility upgrades. Luxury items such as new pools may have limits depending on the program.
How are contractors paid?
Repair funds are held in an escrow account and paid out in stages as work is completed and inspected.
Can I do the work myself?
In most cases, no. Programs generally require licensed and insured contractors.
This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, property eligibility and program availability. Not all applicants will qualify. Terms and programs may change without notice. FLO Mortgage, Company NMLS #1835856. Equal Housing Opportunity. Licensing & Disclosures.
Ready to see your numbers?
Answer a few quick questions and a local loan officer will follow up with your options.