Home Renovation Loans in Washington

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Renovation Loan in Washington

Washington State’s construction market is among the most active in the country. Tech-sector employment in the Seattle and Eastside markets, combined with Puget Sound population growth, continues to drive strong residential construction demand. For borrowers in Washington seeking renovation financing, Normandy offers a dedicated Renovation Loan program covering projects statewide — including Seattle-Puget Sound Metro (King, Snohomish, Pierce Counties), Spokane, Olympia, Bellingham, and the Tri-Cities.

Western Washington’s aging housing stock — particularly in Seattle, Tacoma, and older Eastside suburbs — combined with high new construction costs, drives strong demand for renovation and home improvement financing.

Normandy’s Washington program: Loan amounts from $95,000 to $5,000,000. Up to 85% of appraised value for owner-occupied conforming amounts. 12-month construction term; extensions available. Interest-only on funds advanced. Borrower may act as own GC or hire a qualified builder. No site supervisor required. Non-owner occupied allowed. Foreign nationals are eligible.

Visit https://normandy.com/renovation-loans/ to review guidelines or begin pre-qualification. All Normandy programs: https://normandy.com/. Phone: 800-390-7536.

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

For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)

Washington Construction Market & Regulatory Overview

Washington State’s construction market is among the most active in the country. Tech-sector employment in the Seattle and Eastside markets, combined with Puget Sound population growth, continues to drive strong residential construction demand.

Building Code: Washington State Building Code (WSBC) and Washington State Energy Code, both based on the International Residential Code.

Permitting: Permits are administered by local city and county jurisdictions. All residential construction must comply with both the WSBC and Washington State Energy Code.

Key construction considerations in Washington include heavy rainfall and moisture management requirements in Western Washington, statewide seismic hazard, and cold winters with wind events in Eastern Washington. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.

Contractor Licensing in Washington

Washington State requires all contractors to be licensed and bonded through the Department of Labor and Industries (L&I). Electrical, plumbing, and HVAC trades require separate L&I endorsements.

Owner-Builder Note: Washington allows owner-builders to act as their own GC for a primary residence, provided permits are obtained and no more than one owner-built home is constructed within a 24-month period.

Loans Available in the Following States

Owner Occupied

Loans available for owner occupied properties in the following states:

  1. California (CA)
  2. Connecticut (CT)
  3. Delaware (DE)
  4. Florida (FL)
  5. Iowa (IA)
  6. Massachusetts (MA)
  7. Michigan (MI)
  8. North Carolina (NC)
  9. New Jersey (NJ)
  10. New York (NY)
  11. Oregon (OR)
  12. Rhode Island (RI)
  13. Virginia (VA)
  14. Washington (WA)

Non-Owner Occupied

Loans available for non-owner occupied properties only:

  1. Alaska (AK)
  2. Alabama (AL)
  3. California (CA)
  4. Colorado (CO)
  5. Connecticut (CT)
  6. Delaware (DE)
  7. Florida (FL)
  8. Georgia (GA)
  9. Hawaii (HI)
  10. Iowa (IA)
  11. Idaho (ID)
  12. Indiana (IN)
  13. Kansas (KS)
  14. Kentucky (KY)
  15. Massachusetts (MA)
  16. Michigan (MI)
  17. Maryland (MD)
  18. Maine (ME)
  19. Missouri (MO)
  20. Mississippi (MS)
  21. Montana (MT)
  22. North Carolina (NC)
  23. New Jersey (NJ)
  24. Nebraska (NE)
  25. New Mexico (NM)
  26. New York (NY)
  27. Ohio (OH)
  28. Oklahoma (OK)
  29. Oregon (OR)
  30. Pennsylvania (PA)
  31. Rhode Island (RI)
  32. South Carolina (SC)
  33. Tennessee (TN)
  34. Utah (UT)
  35. Virginia (VA)
  36. Washington (WA)
  37. West Virginia (WV)
  38. Wyoming (WY)

Frequently Asked Questions — Renovation Loan in Washington

Q: What is a home renovation loan in Washington?

A: A home renovation loan in Washington is financing for renovating, expanding, or improving a residential property you own or are purchasing. Normandy disburses funds in draws as work progresses. Interest-only payments on advanced funds during the 12-month term.

Q: What does home improvement loan financing cover in Washington?

A: Home improvement loan financing in Washington through Normandy covers kitchen and bathroom remodels, structural additions, ADU construction, and full property renovations. Loan amounts from $95,000 to $5,000,000. Up to 85% of appraised value for owner-occupied conforming amounts.

Q: Is renovation financing in Washington available for non-owner occupied properties?

A: Yes. Normandy’s renovation financing in Washington covers both owner-occupied and non-owner occupied 1–4 family residential properties. Please call 800-390-7536 for LTV specifics on non-owner occupied applications.

Q: What is a fixer upper loan in Washington?

A: A fixer upper loan in Washington through Normandy lets you purchase and renovate a property under one loan. Normandy can advance up to 75% of the purchase price toward acquisition, with renovation funds disbursed in draws as work progresses.

Q: Can I be my own contractor for a remodel loan in Washington?

A: Yes. Normandy allows borrowers to act as their own GC under the renovation loan program in Washington. No site supervisor is required. You may also hire a qualified builder. Confirm your project qualifies before applying.

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.