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Renovation Loan

Finance your purchase with Northpointe and include home renovation funds, all with a streamlined process and guaranteed low mortgage rates.* Northpointe Bank offers several renovation loan options:

Streamlined Renovation
Great for cosmetic fixes, like paint, flooring, countertops, or replacement windows. Include up to 15% of the as-completed appraised value in your home loan for renovations.

Homestyle Renovation
Ideal for small additions or a kitchen and bathroom rework. This one-time close option allows for up to 180 days to complete work. Include up to 75% of the as-completed appraised value in your home loan for renovations.

FHA 203(k)*
Finance renovation costs based on future improved value with one low-cost loan. Low down payment as little as 3.5% and up to six months to complete renovations. *An approved FHA consultant must be used for this program. For FHA 203(k) purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the after improved value, times the maximum loan-to-value.

Renovation/Construction
Gutting an entire house or adding a major addition? Northpointe Bank’s program offers one closing, one set of closing costs, and one low interest rate from construction through to your end loan. This option works exactly like our construction loan.

*Certain restrictions apply. Speak with your loan expert about renovation options and program details. All loans are subject to credit review and approval. This is not a commitment to lend.

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