The perfect home often isn’t perfect — yet. Renovation loans in New Hampshire allow buyers (and homeowners) to finance both the home and the improvements with a single mortgage. Instead of paying out of pocket after closing, the renovation funds are built right into the loan.

FHA 203(k), Conventional HomeStyle®, CHOICERenovation®, NH Housing, and VA renovation loans allow buyers and homeowners in New Hampshire to purchase a fixer-upper and complete the improvements after closing, or refinance a home and include the cost of needed repairs. Renovation loans in New Hampshire make it possible.

Whether the property needs light cosmetic updates or major structural work, there is a renovation program designed to make it possible.

Renovation loans can be used to:

  • Purchase a fixer-upper
  • Renovate a current home
  • Improve safety or livability
  • Modernize outdated kitchens, baths, and interiors
  • Repair roofing, heating, septic, or structural issues
  • Increase home value and build equity faster

Your Renovation Loan Options

FHA Limited 203(k) – Cosmetic & Light Repairs

Best for smaller renovation projects with a simpler scope.

  • Repairs up to approximately $65,000*
  • No structural work permitted
  • Faster, more streamlined process
  • Ideal for paint, flooring, kitchens, baths, appliances, and minor updates
    *total renovation budget is $75,000 including financed fees and required contingency funds

👉 Great choice when the home needs updating — not rebuilding.
Learn More About FHA Limited 203(k)

FHA Standard 203(k) – Major Renovations & Structural Work

Designed for larger, more complex renovation projects.

  • Structural repairs allowed
  • Foundation work, additions, layout changes, major rehabilitation
  • HUD consultant required
  • Ideal for serious fixer-uppers or distressed properties

👉 The right solution when the home needs significant work to become safe and livable.
Learn More About FHA Standard 203(k)

Flexible Conventional Renovation Loan

Fannie Mae HomeStyle® and Freddie Mac CHOICERenovation®

Powerful options for buyers with stronger credit and larger renovation goals.

  • Structural and cosmetic renovations allowed

  • Higher loan limits than FHA renovation loans

  • Available for primary residences, second homes, and investment properties

  • Luxury, design, and modernization upgrades permitted

  • Licensed contractor required

👉 Best for buyers seeking flexibility, higher limits, and broader renovation possibilities.

Learn More About Conventional Renovation Loans

Not Sure Which Renovation Loan Fits?

Choosing the right renovation loan depends on:

  • Property condition
  • Scope of repairs
  • Budget and loan limits
  • Credit profile
  • Timeline and project complexity

This is where expert guidance matters. Renovation loans are powerful tools — when structured correctly.

Let’s map out the right renovation strategy for your situation.

Talk With Renee Duval: 603-345-5644
Get Pre-Qualified: www.applywithRenee.com

Quick Links to Compare Programs

 

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