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 closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More, 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 closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More, 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- Modernize outdated kitchens, baths, and interiors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 equityEquity is the portion of your home's value that you own. It's calculated by subtracting the balance of your mortgage and any other loans secured by the home from its current market value. Your equity grows in two ways: by paying down... More 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.
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Structural and cosmetic renovations allowed
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Higher loan limits than FHA renovation loans
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Available for primary residences, second homes, and investment properties
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Luxury, design, and modernization upgrades permitted
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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
- Limited 203(k)
- Standard 203(k)
- Conventional Renovation: Homestyle & ChoiceRenovation
- NH Housing Renovation Loans
- VA Renovation Loans
- Fix & Flip
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Fix & Flip Financing — Call me if this your thing!
Financing options for investors purchasing, renovating, and reselling properties. Program details and guidelines coming soon.