Renovation Loans
Home Renovation Loan – Remodel, Rehab & Fixer Upper Financing
For a Rate and Fees quote call
800-390-7536
Looking to update, expand, or completely transform a property? Normandy’s home renovation loan programs cover everything from targeted upgrades to full gut rehabs. Our home improvement loan is available for properties you currently own or plan to purchase — including non-owner-occupied investment and fix and flip properties.
Need to purchase and renovate using a single loan? Normandy’s renovation financing can be structured to cover both the acquisition and the renovation costs — so you’re not juggling multiple lenders on a fixer upper loan project. Whether it’s a kitchen remodel, bathroom upgrade, room addition, or complete home rehab, our remodel loan programs are built around your project scope and timeline. Interest is charged only on funds actually advanced — keeping costs lean throughout construction.
Need to purchase and renovate using a single loan? Normandy’s renovation financing can be structured to cover both the acquisition and the renovation costs — so you’re not juggling multiple lenders on a fixer upper loan project. Whether it’s a kitchen remodel, bathroom upgrade, room addition, or complete home rehab, our remodel loan programs are built around your project scope and timeline. Interest is charged only on funds actually advanced — keeping costs lean throughout construction.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 85% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts up to $832,750. Loan amounts over $1M, up to 80% of appraised value may be considered. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
- Lender will advance up to 75% of the purchase price towards the acquisition of a property
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Flexible draw schedules
- 1 to 4 family homes, refer to Commercial Construction for more than 4 units
- 12 month construction term with extensions available
- Interest only payments based on funds advanced
- Borrower may act as own General Contractor or hire a qualified builder. No site supervisor required.
*All rates and terms subject to change without notice
Loans Available in the Following States
Owner Occupied
Loans available for owner occupied properties in the following states:
- CA
- CT
- DE
- FL
- IA
- MA
- MI
- NC
- NJ
- NY
- OR
- RI
- VA
- WA
Non-Owner Occupied
Loans available for non-owner occupied properties only:
- AK
- AL
- CA
- CO
- CT
- DE
- FL
- GA
- HI
- IA
- ID
- IN
- KS
- KY
- MA
- MI
- MD
- ME
- MO
- MS
- MT
- NC
- NJ
- NE
- NM
- NY
- OH
- OK
- OR
- PA
- RI
- SC
- TN
- UT
- VA
- WA
- WV
- WY
Frequently Asked Questions
Home Renovation & Remodel Loans
What can a home renovation loan be used for?
Normandy’s home improvement loan and renovation financing cover a wide range of projects: kitchen and bathroom remodels, room additions, roof replacement, structural repairs, foundation work, full gut rehabs, home rehab loan projects, ADU (accessory dwelling unit) construction, and fix and flip investments.
Can I use a renovation loan to purchase and renovate at the same time?
Yes. Normandy can structure a single purchase and renovate loan to cover both the acquisition price and renovation costs — eliminating the need for separate financing products.
Is a fixer upper loan available for investment properties?
Yes. Both owner-occupied and non-owner-occupied investment properties qualify for Normandy’s fixer upper loan and remodel loan programs.
How are funds disbursed during renovation?
Funds are released in draws as work is completed and verified. Interest is only charged on funds actually advanced — not the total home remodel financing amount.
Is there a minimum FICO score required?
No minimum FICO is required for consideration. However, a 750 mid FICO is needed to qualify for maximum LTV (90% conforming / 80% jumbo) on renovation loans.
For a Rate and Fees quote call
800-390-7536
Renovation Loans
This program is designed for Borrowers who need to finance the renovation or expansion of a property they currently own or they plan to purchase. Non-Owner Occupied properties allowed. Please call for details.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 85% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts up to $832,750. Loan amounts over $1M, up to 80% of appraised value may be considered. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
- Lender will advance up to 75% of the purchase price towards the acquisition of a property
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Flexible draw schedules
- 1 to 4 family homes, refer to Commercial Construction for more than 4 units
- 12 month construction term with extensions available
- Interest only payments based on funds advanced
- Borrower may act as own General Contractor or hire a qualified builder. No site supervisor required.
*All rates and terms subject to change without notice