Renovation Loans 101 | Turn Any House into Your Dream Home

Can’t find your dream home? 🏡
Then find the location of your dreams — and make the house match with a Renovation Loan!

💡 Key Takeaways

-Renovation loans use your after-improved value, not current equity.
-You can renovate or even add onto a home you already own.
-FHA and Conventional options both exist — with different flexibility.
-Financing covers both the purchase and renovation costs.
-Timelines usually run 45–60 days from start to close.

In this episode of Brad the Mortgage Guy, Brad breaks down everything you need to know about Renovation Loans 101 — whether you’re buying a fixer-upper or refinancing your current home to make major upgrades.

This isn’t theory — these loans are helping real homeowners across the country right now.

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00:00 Intro – What is a Renovation Loan?
00:40 Who Can Use Them (Buyers & Homeowners)
01:40 FHA vs Conventional Renovation Loans
02:18 What Kinds of Projects Qualify
03:45 How Value & Appraisals Work (After-Improved Value)
06:25 Understanding the Numbers & Down Payments
08:10 Loan Timelines & What to Expect
9:00 Getting Started with Your Renovation Loan