Everyone scrolls past the ugly listing. That’s the opportunity.
Renovation financing rolls the purchase and the remodel into a single mortgage with one closing and one payment, instead of draining your savings or putting a kitchen on credit cards. The real advantage is what it does to your search: every dated, overlooked house in your price range comes back on the table, and you are bidding against far fewer people.
This is for you if…
- The homes in your budget all need work
- You keep losing bidding wars on move-in-ready listings
- You would rather choose the finishes than inherit someone else’s
- You already own and want to finance improvements
Renovation Loans in Tampa Bay
FHA 203(k) Limited
For smaller projects: cosmetic updates, appliances, flooring, and similar work without structural changes.
FHA 203(k) Standard
For larger scopes, including structural work, where a consultant coordinates the project.
HomeStyle® Renovation
Conventional renovation financing with broader flexibility on property and improvement types.
CHOICERenovation®
Another conventional route, with its own guidelines around eligible improvements.
Program availability and eligibility requirements vary and are subject to change. Nothing on this page is a commitment to lend or an offer of specific terms. Not all applicants qualify.
Related guides
Renovation: common questions
What is a renovation loan?
A mortgage that finances the purchase price and the cost of planned improvements together, based on what the home will be worth once the work is done, rather than only what it is worth today.
Can I do the work myself?
Generally these programs require licensed contractors with documented bids and a defined scope. Self-performed work is restricted.
How long does a renovation loan take?
Longer than a standard purchase, because the scope, the bids, and the contractor all get reviewed as part of the file. Planning ahead is what keeps it smooth.
Which renovation program is right for me?
It depends on the property, the scope of work, and how you plan to qualify. That is a conversation, not a checkbox.
Other programs
Let’s find out where you actually stand.
One conversation, no cost, no pressure. I’ll tell you what’s possible and what isn’t, including when the honest answer is “not yet.”