A renovation loan allows you to finance home improvements, repairs, or additions as part of your mortgage. Whether you’re buying a fixer-upper, remodeling your current home, or planning an ADU/DADU, a renovation loan can help bring your vision to life.
A renovation loan is often a good fit when major improvements are planned and you want to finance the project through a single mortgage.
Kitchen Remodels
Modernizing kitchens with updated layouts, cabinets, countertops, and energy-efficient appliances.
Bathroom Renovations
Creating more functional and comfortable spaces with new fixtures, tile, showers, and storage.
ADUs and DADUs
Adding accessory dwelling units to create housing for family, guests, or rental income opportunities.
Basement and Attic Conversions
Transforming underused space into home offices, guest suites, family rooms, or additional bedrooms.
Energy-Efficiency Upgrades
Replacing windows, improving insulation, upgrading HVAC systems, and making homes more comfortable year-round.
Renovation loans may be used for a wide range of home improvements, including kitchen and bathroom remodels, flooring, roofing, system upgrades, repairs, additions, and, in some cases, ADU or DADU projects.
Yes. One of the most common uses for a renovation loan is purchasing a home that needs updates and financing the improvements as part of the mortgage.
In many cases, yes. Homeowners may be able to refinance their existing mortgage and include renovation costs in the new loan.
Some renovation loan programs may allow ADU or DADU construction or conversion projects. Eligibility depends on the loan program, property, and scope of work.
Seattle homeowners often see renovation loans as a way to update older homes, create additional living space, improve property value, or explore opportunities such as ADUs and DADUs without purchasing a different home.