Start with the project
Scope, budget, contractor qualifications and timing help determine which financing options may be available. Not every loan finances every type of renovation.
Know how funds are released
Some construction and renovation programs use inspections and staged disbursements. Ask about contingencies, overruns and when payments begin.
Coordinate before committing
Align the purchase contract, contractor agreement and financing requirements early. Program availability and eligibility vary.
Let’s start with these details.
- Plans and cost estimates
- Property or lot information
- Contractor details
- Cash reserves and timeline
Educational overview only. Program requirements, availability and terms vary. No guarantee of qualification or approval. For additional consumer guidance, see the CFPB homebuying resources.
