Renovation Programs



For A New Home Purchase

If you find a home to purchase with spectacular potential but it requires repairs, reconstruction or updates, a Renovation Loan from Homestead can make your vision possible. Using one loan to finance the home’s purchase and improvements simplifies the process.

Enhance Your Current Home with a Renovation Refinance

If you love your current home but maybe it’s too small or outdated, use a renovation loan to remodel and customize it to make everything exactly as you want. You can choose from our Renovation Loan options depending on the scope and type of project.

HomeStyle® Renovation

A HomeStyle® Renovation Mortgage allows for the financing equal or up to 50% of your property's post-renovation value and is available for new and existing homes.


FHA 203k Renovation

An FHA 203k mortgage allows buyers to borrow the funds for both the purchase and renovation of a home giving the availability or renovating without the need for a second loan.


FHA 203k Streamline

An FHA 203k Streamline in allows for the purchase or refinance of properties that do not require structural changes and will not exceed a total of $35,000.


Energy Efficient Mortgage (EEM)

Include the cost of add energy efficient improvements with an Energy Efficient Mortgage.


FHA 203(h) Loan For Disaster Victims

An FHA 203(h) is loan program that could allow up to 100% financing to help victims of disasters purchase or refinance a new home after their home was destroyed. If your current home is located in a Presidentially Designated Major Disaster Area (PDMDA) and destroyed, you may qualify.