Conventional & Government
Renovation
HomeStyle Renovation
Finance purchase + renovation in one loan, based on the property's as-completed value.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
620
Min FICO
97%
Max LTV
full doc
Docs
Ideal borrower
Buyers of fixer-uppers or homeowners planning major remodels.
Program highlights
- Purchase + renovation in one loan
- Based on as-completed appraised value
- Structural + non-structural improvements eligible
- No renovation cost cap (subject to loan limits)
Typical uses
- Fixer-upper purchase
- Major remodel
Frequently asked questions
- How does a HomeStyle Renovation loan work?
- HomeStyle finances the purchase price PLUS the cost of renovation in a single conventional loan, based on the property's as-completed value. You close on the loan, receive draws as renovation milestones are inspected, and move in after work is done.
- What kinds of renovations qualify?
- Almost any renovation — structural (additions, kitchen remodels, bathroom additions), non-structural (flooring, paint, appliances), landscaping, ADU conversions, and major systems (HVAC, electrical, plumbing). Luxury items like pools qualify too, unlike FHA 203(k).
- Does the renovation have to be done by a licensed contractor?
- Yes. HomeStyle requires a licensed, bonded, insured general contractor with a signed scope of work. DIY work is not allowed on financed renovations (though you can do separate work yourself after closing).
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.