Loan Type
RENOVATION
LOANS
Finance both purchase and renovation costs in a single loan. Turn a fixer-upper into your dream Colorado home.
Finance both purchase and renovation costs in a single loan. Turn a fixer-upper into your dream Colorado home.
Renovation loans combine your purchase price and renovation costs into one mortgage, allowing you to buy properties that need work and finance the improvements all at once.
Finance both the purchase and renovation with one loan and one closing. No need for separate construction financing.
Buy below market value, renovate, and potentially have immediate equity in your home. Great for building wealth through real estate.
Purchase homes that wouldn't qualify for traditional financing due to condition issues. Less competition from other buyers.
FHA 203(k) requires just 3.5% down. Conventional HomeStyle starts at 3% for first-time buyers.
Full 203(k) and HomeStyle loans allow structural changes, room additions, and major systems replacement.
Some programs allow you to do certain work yourself, potentially saving thousands on labor costs.
Whether you're buying a fixer-upper or upgrading your current home, renovation loans give you the power to create exactly what you've always wanted.
Several renovation loan programs are available, each designed for different renovation scopes and buyer situations.
For major renovations including structural repairs, room additions, and complete remodels. Minimum $5,000 in repairs. Requires HUD consultant.
For minor renovations up to $35,000. No structural changes. Simpler process without requiring a HUD consultant.
Conventional option allowing any renovation type, including luxury items like pools and landscaping. More flexibility than FHA.
Similar to HomeStyle with streamlined process. Allows renovations up to 75% of the as-completed value.
For eligible veterans. Combines VA benefits with renovation financing. 0% down payment still applies.
Those who see potential in properties that need work and want to customize their home.
Buyers looking to purchase below market value and add instant equity through improvements.
Those purchasing older Colorado homes that need updates to systems, layout, or finishes.
Those who want to create a custom home without building from scratch.
Low down payment options with flexible credit requirements, ideal for first-time buyers.
Traditional financing with competitive rates, flexible terms, and no mortgage insurance with 20% down.
Zero down payment financing exclusively for eligible veterans, active military, and qualified spouses.
Zero down financing for eligible rural and suburban areas with income requirements.
Financing for luxury homes exceeding $766,550 conforming loan limits.
Investment property loans qualified on rental income, not personal income or tax returns.
Finance land purchase and construction in one loan to build your custom home from scratch.
Alternative financing using bank statements, assets, or other non-traditional qualification methods.
Buy your next home before selling your current property with flexible short-term financing solutions.
Specialized financing for medical professionals with flexible debt ratios and no PMI options.
Build your dream home with one-time close construction-to-permanent financing solutions.
Purchase your home today at current prices and refinance when rates drop in the future.
Financing options for warrantable and non-warrantable condominiums in Colorado communities.
Alternative financing for self-employed borrowers using bank statements or asset-based qualification.
Investment property financing based on rental income without personal income verification.
Reduce your initial mortgage payments with 2-1 and 1-0 buydown programs for easier affordability.