Older homes—or great homes in great locations—often need updating, repairs, or remodeling. That doesn't have to stop your purchase. Many renovation mortgage programs allow qualified borrowers to finance improvements as part of their home loan, subject to credit and underwriting approval.
Kitchens, bathrooms, flooring, roofs, and other approved repairs may be included in a renovation financing plan—so you’re able to purchase the home you want and budget the upgrades with one loan.
Working with Russ Fitzpatrick, Mortgage Loan Originator with CMS Mortgage Solutions, you can review options, payment scenarios, and guidelines designed to help you understand what's possible before making an offer.
In just a few minutes, you can request a renovation loan review and see whether purchasing a home that needs work could be within reach.
All renovation financing options are subject to credit approval, property eligibility, and specific underwriting guidelines. Not all renovation or repair types are eligible. This information is not a commitment to lend or extend credit. Program availability and requirements may change without notice.
While specific eligibility depends on loan type and underwriting approval, many renovation financing programs allow funds for approved improvements such as:
Eligibility varies and must meet loan program requirements. Some luxury improvements may not be eligible.
Every market is different, but national remodeling surveys show that certain projects may provide a stronger potential return over time. This is especially true in markets where updated homes are in higher demand.
Actual market value and future resale impact depend on location, home condition, comparable sales, and broader market conditions.
Older or dated homes often sit longer on the market because buyers underestimate what’s possible with renovation loan financing. Homes needing updates may provide more space, better neighborhoods, or lower purchase prices.
Renovation programs may allow qualified borrowers to bring outdated homes up to modern standards and spread costs into the mortgage—rather than paying out-of-pocket later.
Outdated homes feel overwhelming and repairs can seem unpredictable.
You may be able to purchase a home that fits your location, budget, and space needs—then make approved improvements through one loan.
Complete your renovation questionnaire, then book a conversation with Russ Fitzpatrick, Mortgage Loan Originator with CMS Mortgage Solutions.
The form you just completed (or are about to complete) gives Russ important details about your goals, the type of home you’re considering, and the work it may need. Reviewing that information first allows him to make your call more focused and useful.
After you’ve submitted your information, you’re welcome to schedule a time that works for you. During your call, Russ can review renovation financing options, discuss what may fit your situation, and answer your questions about next steps—subject to credit and underwriting approval.
Tip: If you haven’t filled out the renovation form yet, please do that first so Russ can review your details before your call.
CMS Mortgage Solutions, LLC NMLS #2108796 — Equal Housing Lender.
This information is for educational purposes and not a commitment to lend. All loans are subject to credit and underwriting approval.