Renovation and Construction Loans

Renovation and construction loans are specialized financing options designed to help homeowners and builders fund the construction, renovation, or remodeling of residential properties. These loans provide the financial resources needed to turn a vision into reality, whether you’re building from the ground up, updating an older home, or adding value to your current property. With Wise Home Lending, we make the process seamless, flexible, and tailored to your goals.

These loans are ideal for homeowners planning major renovations, buyers purchasing fixer-uppers, or individuals building their dream homes. They’re also a great option for investors looking to enhance property value before resale or rental. Whether you’re upgrading your kitchen, adding a new room, or constructing a custom home, renovation and construction loans provide the financial flexibility to make it happen.

Renovation and construction loans differ from traditional mortgages in that the funds are disbursed incrementally, often in line with project milestones. This ensures that the financing aligns with the progress of your project. During the construction phase, payments may be interest-only, with the principal and remaining balance rolled into a permanent mortgage once the project is complete.

These loans provide funding for home improvement projects and are often tied to the home’s post-renovation value, allowing you to borrow based on the increased equity.

Ideal for building a new home, these loans cover the cost of land, materials, and labor, ensuring your dream home becomes a reality.

A government-backed option for homebuyers and owners, these loans combine the cost of purchasing or refinancing a home with renovation expenses.

Offered by Fannie Mae, this option allows homeowners to finance both the purchase and renovations of a property with a single mortgage.

These loans are tailored to provide flexibility, helping you manage the costs of construction or renovation without draining your savings. They allow you to borrow based on the home’s future value, offering greater borrowing power. With flexible terms, competitive rates, and funding disbursed as needed, you maintain control over your project while keeping costs manageable.

At Wise Home Lending, we understand that every project is unique. Our experienced team works closely with you to identify the best loan solution for your needs. We offer transparent communication, competitive rates, and a seamless process from application to completion. Whether you’re updating your current home, tackling a fixer-upper, or building from scratch, we’re here to guide you every step of the way.

The first step is to schedule a consultation with one of our mortgage experts. During this meeting, we’ll assess your goals, discuss your project plans, and explore available loan options. From there, we’ll guide you through pre-approval, the application process, and the disbursement of funds, ensuring your project stays on track and within budget.