We don’t just look at what your home is worth today—we finance the vision of what it will become, stretching your borrowing power to its absolute maximum."
Construction and Renovation Mortgage
What is a Renovation/Construction Mortgage?
Renovation and construction financing provide homeowners and real estate investors with the financial support needed to renovate or build a new property.
Unlike conventional loans, these financing solutions are designed for significant property enhancements or new constructions.
Unlike traditional banks, which usually provide loans only after a project has been completed, our financing options are available to assist you throughout the process.
We understand that banks often shy away from lending during what they perceive as a “risky” phase, when renovations or new constructions are still in progress. However, our approach is distinct.
We offer funding during the renovation or construction phase, ensuring you can oversee and complete your project without delay and provide security.
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No Payments During Construction
Concentrate on your project without the stress of monthly payments while it's being built, enabling you to handle your budget more efficiently.
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Experience With Construction Lenders
Our committed team specializing in construction and renovation lending has over 15 years of experience, ready to assist you in navigating the complexities of financing for your renovation and construction projects, ensuring you secure the best rates and terms available.
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Upon Completion Better Rates
After finishing the project, we assist you in obtaining mortgage options with lower interest rates, which will save you money over time.
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Custom Financing
Select from customized financing options designed to meet your renovation or construction requirements. You have the flexibility to access funds as necessary and will only incur interest on the amount you utilize.
Why This Matters in 2026
Wealth Multiplier: Strategic renovations like kitchen remodels or adding legal basement suites can return 70%–120% of their cost in added home value.
Alternative to Moving: With higher interest rates making new purchases difficult, many homeowners in 2026 are choosing to renovate their current space to meet family needs instead of relocating.
Tax Incentives: You may be eligible for the Multigenerational Home Renovation Tax Credit (up to $7,500) for building secondary suites for seniors or family members with disabilities.
FAQs
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A:Renovation and construction loans are versatile financial tools that can fund a variety of projects. These include home improvements, major renovations, the construction of new homes, property expansions, and even the development of row homes.
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A:Eligibility for financing for renovations and construction typically hinges on aspects like the value and equity of your property, the extent of the project, and its geographical location. Our dedicated team will collaborate with you to evaluate your financial circumstances and project specifics to identify the most suitable options.
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A:As you embark on the application process, it is essential to share information regarding your renovation or construction project, such as cost estimates, timelines, and your financial circumstances. Our dedicated team will assist you at every stage, from the initial application to obtaining the most favorable loan terms.
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Purchase Plus Improvements Mortgage. You provide contractor quotes upfront, and the lender adds those costs (often up to 10–20% of the purchase price) into your total mortgage amount.em description
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A: Traditional mortgages fund in one lump sum at closing. Construction mortgages release funds in "progress draws" at specific milestones—such as foundation, framing, and completion—after inspections verify the work.
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A: Lenders for these loans don't just look at what the house is worth now; they appraise it based on its projected value once all construction or renovations are finished.
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A: Typically, yes. For new builds, you may need 20–35% equity in the land or cash. However, for simple improvements on a purchase, you may still qualify with as little as 5% down.