Home improvement loans can help replace roof, windows and gutters. You can expand or add bathrooms, bedrooms and kitchens. They can also be used for landscaping improvements, including decks and patios, hot tubs and pools.
A rehab loan/purchase renovation loan is a type of loan ideal for individuals who want the renovation work to start right after purchasing a house.
A refinancing renovation loan is ideal for individuals who already own the house they wish to renovate.
The 203k is one of the loan programs by the government, which provides mortgage credit to borrowers interested in repairing or modernizing a house. This program is best suited for individuals who do not ordinarily qualify for conventional loans because of limited income.
Fannie Mae Homestyle lets you make all the improvements just with one loan. It requires verifiable income and a good credit history.