Home Renovations

Whether you’re remodeling a single space, upgrading to all new appliances, or building an addition onto your current home, we can help you secure financing with FHA 203(k), FHA 203(b), Freddie Mac’s CHOICERenovation®, and Freddie Mac’s CHOICE Reno eXPress® loans.

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  • Favorable terms and interest rates available
  • Boost curb appeal when it’s time to sell
  • Only pay one set of closing costs
  • Customize a home for less than a new build
  • Do it all within a mortgage instead of a credit card or other forms of unsecured debt
  • Leverage the after-improved value of the home for the loan

Your home, your way.

Have a smaller-scale renovation project in mind? Ask your loan originator about our EasyPath Reno process, which allows you to utilize select big box retailers like The Home Depot, Lowe’s, and Menards for standard upgrades with CHOICERenovation® and CHOICEReno® eXPress products.

Keep the benefits of leveraging a mortgage with renovation financing—and keep the convenience of leveraging a favorite retailer for the improvements.

  • The Process

    Home renovation projects involve many moving parts and require coordination between multiple parties. That's why we're committed to fostering a seamless transaction. Our expert team provides world-class assistance, from validating contractors and ensuring scope-of-work clarity to helping with permits and funding your project as the work gets completed.

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  • Qualification

    You submit documentation to see if you qualify for renovation financing.

  • Contractor Selection

    You select a professional contractor to execute renovation plans.

  • Contractor Validation

    Cardinal Financial vets your choice of a home improvement professional.

  • Project Approval

    Cardinal Financial reviews your renovation details to make sure they meet our loan standards.

  • Underwriting

    Before moving the loan forward, our underwriting team will review all the information provided.

  • Closing

    Once the loan is approved, you set up a closing date with us.

  • Set Up LIP Account

    After closing, funds will be held in an LIP (loan in process) account.

  • Draw Funds

    During construction, the contractor or HUD consultant will request to draw funds as needed.

  • Complete Renovations

    Renovations must be completed within six months of the loan closing date.

Real Estate agent talking to client

Are You a Real Estate Agent?

Find out how you can help your clients navigate renovation financing.

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Are You a Contractor?

Explore the benefits of partnering with us on your next home reno project.

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Related home loans.

Renos, remodels, rebuilds, and new builds. Whenever you’re ready for your project, we’ve got specialized financing options waiting.


Bundle the purchase or refinance of your property and the cost of your projects with this single-close loan that’s based on the “as-completed” value of the home.

CHOICEReno eXPress

Ideal for repairs and renovations on a smaller scale, this loan offers the convenience of a single close on both purchase and refinance transactions.

FHA 203(k)

Fancy the idea of a fixer-upper? An FHA 203(k) loan covers the purchase of your property and the remodeling costs, including labor and materials.

FHA 203(b)

Are you purchasing a HUD home that needs repairs or refinancing an existing FHA mortgage on a home that needs repairs? This loan makes it easy to roll repair costs into your mortgage.

HomeStyle Renovation

From major renovation to minor restoration, this loan can conveniently fund various projects, including repairs, energy updates, landscaping, and luxury upgrades.

Featured blogs

The mortgage world is constantly changing. Check out our latest blog posts to keep up and stay wise to the market.

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Speak with a Cardinal Reno Specialist

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