Renovation financing · Virginia

Finance the home and the improvements together.

A renovation loan may let qualified borrowers base financing on the home and approved improvements rather than paying for the work entirely out of pocket after closing.

Request a personalized quote Call Joe

How it works

Start with the features that shape the decision.

Purchase plus improvements

Eligible acquisition and renovation costs may be combined in one financing plan.

Refinance and renovate

Some programs may help current homeowners refinance while funding qualifying improvements.

Project oversight

Plans, bids, contractor review, inspections and draw controls help define how renovation funds are used.

Plan before you apply

Details to review with Joe.

Get a detailed contractor bid before final underwriting.
Separate required repairs from optional improvements.
Plan for contingency funds and possible timeline changes.
Understand which work must be completed by approved professionals.

Common questions

Finance the home and the improvements together FAQ

Can I finance cosmetic upgrades?

Some programs allow eligible cosmetic work; others focus on repairs or improvements tied to property standards.

Are renovation funds given to me at closing?

Generally no. Funds are typically held and released through a controlled draw process as work is completed.

Can I renovate before moving in?

Often yes, but occupancy timing and project rules depend on the selected program.

Construction loans FHA loans Refinance options

A clear comparison

See how this option fits your goals.

Joe can review your scenario, explain the tradeoffs and compare available alternatives without the jargon.

Talk with Joe Apply securely

Joe Rogers, EVP of Sales – Cornerstone Division and Mortgage Loan Originator, NMLS #188286. For informational purposes only. Loan programs, rates, terms and eligibility are subject to change without notice. All loans are subject to credit approval, property approval and underwriting requirements. Not all applicants will qualify. Equal Housing Opportunity.