Renovation Loans

Renovation loans — buy and improve in one loan.

Found a home with great bones that needs work? A renovation loan rolls the purchase (or refinance) and the improvement costs into one loan — so you can make it yours from day one.

The Clear Renovation Loans advantage

FHA 203(k)

Buy and renovate with one FHA loan.

HomeStyle Renovation

Conventional option for repairs and upgrades.

One loan, one payment

Purchase plus improvements combined.

Add real value

Finance kitchens, roofs, additions and more.

Renovation Loans — your questions, answered

What is an FHA 203(k) loan?

An FHA loan that lets you finance both the purchase and the cost of renovations in a single mortgage, with FHA's low down payment.

Can I refinance and renovate at the same time?

Yes — renovation loans work for refinances too, so you can improve the home you already own with one loan.

What kind of projects can a renovation loan cover?

Repairs and upgrades like kitchens, baths, roofs, HVAC, and additions. We'll help you scope it correctly with your contractor.

Explore more loan options

FHA Loans · VA Loans · Conventional Loans · USDA Loans · Jumbo Loans · See all loan options →

Ready for your clear way home?

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