VA Jumbo and Conforming 5/1 ARM rates as low as 4.75% (4.99% APR)
VA Renovation Loans
VA Renovation Loans
Transform your home by financing repairs and upgrades with a VA‑backed mortgage.
What Is a VA Renovation Loan?
A VA Renovation loan (also called a VA Rehab loan) lets you combine the purchase or refinance of a home with funds for qualified repairs and improvements. Instead of taking out a separate high‑interest loan or racking up credit card debt, you roll renovation costs into your mortgage and enjoy VA’s competitive rates and favorable terms.
VA renovation loans can be used to purchase a fixer‑upper or upgrade your current property. They focus on projects that improve the safety, function or energy efficiency of your home.
Eligible Projects
The VA allows a wide range of improvements under this program. Common projects include:
- Essential Repairs: Roof replacement, plumbing repairs and electrical upgrades.
- Accessibility Upgrades: Installing wheelchair ramps, modifying bathrooms or widening doorways for disabled veterans.
- Energy Efficiency Improvements: Replacing windows, adding insulation or installing solar panels.
- Structural Repairs: Fixing foundation issues, resolving leaks and ensuring code compliance.
Luxury enhancements like pools or outdoor kitchens are not eligible.
Benefits & Process
- No Down Payment: Finance repairs and improvements without an additional down payment.
- Competitive Rates: Take advantage of VA’s low mortgage rates, saving you money long term.
- Simplified Financing: Bundle your renovation costs with one mortgage payment.
- Long‑Term Savings: Avoid high‑interest personal loans and preserve your cash reserves.
Getting started is straightforward. Find a lender that offers VA renovation loans, then obtain quotes from VA‑approved contractors. Your lender will appraise the home based on its post‑renovation value and, once approved, will disburse funds so the work can begin. Renovations generally must be completed within the timeframe specified by the lender.