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Renovation Loan Types

Home Renovation Loan Types

Types of Home Renovation Loans

There are several types of Home Renovation loans to choose from, depending on your situation and goals.

FHA 203K Standard

These fixed-rate loans are insured by the Federal Housing Administration and cover the cost of major structural or cosmetic repairs and upgrades to your primary residence.

Jumbo Renovation

These loans are for larger renovation projects that may be structural or non-structural in nature.

FHA 203K Limited

A scaled-down version of the FHA 203K Full, these loans are “Limited” because they only cover non-structural repairs and have a maximum of $35,000, but they are quicker and easier to obtain.


This Fannie Mae program lets you borrow money for structural or cosmetic repairs. These repairs can include foundation repairs, swimming pools, bed and bath remodels or complete interior updates.

HUD REO with Repair Escrow

HUD-owned homes listed as Insurable with Repair Escrow (I/E) are eligible to include up to $10,000 in appraiser-required repairs in the home loan.

Willow Bend Purchase+

Willow Bend’s in-house boutique renovation loan gives us the ability to build a customized conventional renovation program to meet your specific needs.

Not sure which type of renovation loan is best for you? We’re here to help! You can apply online now through our WBM ApplicationTM or contact us to speak with one of our Home Renovation loan professionals.

Our Mortgage Process

Curious as to what the home loan process is like with Willow Bend Mortgage? We’ve made it as easy and streamlined as possible. Click through to see our 4-step process.

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