Love a home with potential? With a Renovation Loan from Richmond-mortgage, you don’t just buy a house you build your vision. Whether you’re remodeling your current home or purchasing a fixer-upper, we roll the cost of renovations into your mortgage. Get one loan, one closing, and funding tied to your improvements. It’s renovation made simple.
All-in-One Financing — Combine purchase or refinance with renovation costs in a single mortgage.
Leverage After-Repair Value — Borrow based on your home’s future value, not just current.
Better Than Unsecured Credit — Lower interest than credit cards or personal loans for upgrades.
Flexible Project Scope — From kitchens and bathrooms to energy upgrades, interior or exterior work.
One Closing, One Payment — No juggling separate loans or payments.
Confidence & Oversight — Funds disbursed on a schedule; work inspected to protect value.
Ans: A Renovation Loan combines your mortgage with the cost of home improvements, so you only have one loan, one closing, and one monthly payment.
Ans: We simplify the process with transparent terms, expert guidance, and timely disbursements — making sure your vision is completed without delays or surprises.
Ans: Yes from kitchen remodels and bathroom upgrades to roofing, energy efficiency, or even full structural repairs, renovation loans cover a wide range of improvements.
Ans: Funds are disbursed in draws as the work progresses. Contractors are paid directly after each phase is inspected and approved.
Ans: It’s based on the after-repair value of your home what it will be worth once improvements are completed. This lets you borrow more than traditional mortgages.
Ans: Most buyers and homeowners can qualify, provided credit, income, and project plans meet lending guidelines. It’s a great option for both fixer-upper buyers and current homeowners.
