Buyers planning improvements
Eligible borrowers considering a purchase that includes renovation work or a construction-related financing path.
Change the property. Revisit the loan.
Renovation, construction, and refinance structures begin with the reason for changing the property or mortgage. Costs, timing, equity, documentation, property requirements, and the expected benefit belong in the same review.
Category overview
Start with the purpose of the change.
A renovation or construction plan connects the financing to the scope, property, timing, and applicable project requirements. The available structure may depend on how funds are used, how work is documented, and whether the property meets the selected program's standards.
A refinance should be evaluated against the existing mortgage, closing costs, equity, loan purpose, expected holding period, and the outcome the borrower wants to achieve. Changing a loan does not benefit every borrower.
View the full program directoryWho this may help
Situations that may deserve this comparison.
These are starting points for a conversation, not a statement of eligibility or approval.
Owners reviewing an existing mortgage
Borrowers comparing rate-and-term, limited cash-out, cash-out, or eligible streamline options for a defined objective.
Investors changing a property or loan
Eligible property owners evaluating renovation, construction, jumbo, DSCR, or cash-out structures in the context of an investment plan.
Collection 04 · Build or change a loan
Programs in this category.
Structures for eligible projects and for revisiting an existing mortgage.
Renovation / construction
Financing paths that account for improvements or new construction.
Refinance
Options evaluated against the current mortgage, property, and goal.
A simple way to navigate
Three steps to narrow the path.
Name the objective
Define the project or refinance goal, timing, expected holding period, and what a successful change needs to accomplish.
Review property and loan facts
Gather the current mortgage, equity, property condition, project scope, occupancy, documentation, and available liquidity.
Measure the complete tradeoff
Compare eligible structures, project or closing costs, payment impact, requirements, and expected benefit before choosing a path.
Eligibility and approval
The complete file determines the available path.
Renovation, construction, cash-out, streamline, jumbo, USDA, and DSCR options can apply different property, equity, documentation, project, occupancy, seasoning, and loan-purpose requirements.
Availability, eligibility, documentation, loan amounts, rates, costs, and terms depend on the borrower, property, transaction, state, investor, and current program guidelines. This page is general education—not a rate quote, approval, commitment to lend, or guarantee of terms. Final approval remains subject to underwriting.
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