The right home may need a new kitchen, updated bathrooms, or more substantial repairs. A renovation mortgage may let you finance an eligible purchase and improvements together. Already own your home? Certain renovation programs also offer refinance options.

How Renovation Financing Works

The lender reviews the planned work, contractor estimates, and property value. Renovation funds are generally held and released through a managed process as work is completed. Programs such as FHA 203(k) and conventional HomeStyle Renovation have different rules for eligible properties, projects, and borrowers.

What Could You Improve?

Depending on the program, eligible work may include:

• Kitchens and bathrooms.

• Roofing, windows, and mechanical systems.

• Required repairs and safety improvements.

• Certain structural changes or additions.

Project limits, contractor requirements, and completion deadlines apply.

Start With the Property and Project

Barren Hill Mortgage helps Pennsylvania buyers and homeowners explore financing based on the home’s condition and the work they want to complete. Bring us the address and a rough project budget. We’ll help you identify the next steps.