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Renovation Lending Made Simple

Whether your project is large or small, we’re here to help finance your vision.

Home Loans for Renovations and Remodeling


Whether the home you’re looking to buy or currently own needs major 
structural repairs, smaller cosmetic changes, or even a few luxury updates, 
First Heritage Mortgage can help make the process simple and affordable.

Common Types of Construction Loans


We offer a number of loan options that cover minor changes to major rehabilitation, all included in one mortgage payment.

Conventional Renovation Loans

Save time and money by financing the purchase or refinance of a home plus the cost of improvements into a single loan. With as little as a 5% down payment, you can make necessary repairs or add your own style with projects like a new kitchen or bathroom, energy efficient upgrades, or luxury features like a pool or sauna.

  • 5% minimum down payment for owner-occupied primary residences
  • Second or vacation homes and investment properties are also eligible
  • Cosmetic and structural renovations allowed
  • Loan amount based on “as-completed” appraised value of the home
  • Popular option for investors purchasing fixer-uppers

Get Started Today

FHA 203(k) Renovation Program

The Federal Housing Administration (FHA) offers loans specifically for renovation. FHA 203(k) loans are designed to fund a primary residence including repairs in one mortgage, with a minimum down payment of 3.5%.

  • Purchase or refinance
  • As little as 3.5% down payment
  • Flexible qualifying criteria
  • Different options allow for projects ranging from small cosmetic repairs to major remodeling and structural renovations
  • Mortgage +Plus℠ down payment protection coverage from First Heritage
  • Mortgage included at no additional cost on purchase transactions

Learn More Here

Jumbo Renovation Financing

If you’re planning a major renovation project such as a full addition, or already know the value of your home is above the conforming loan limit in your area, we can help.

Our Construction Loan Programs might be the right choice for your project.

Learn More Here

 

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Start Planning Your Project Today

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3201 Jermantown Road, Suite 800

Fairfax, VA 22030

Phone: 703.352.0721

Toll-Free: 866.833.LOAN

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