Veteran Owned & Operated, a licensed mortgage broker in Illinois, Colorado, Florida, Georgia, Indiana, Michigan, New Mexico, Ohio, and Texas. We specialize in Purchase Loans, Refinance Loans, and Home Equity Lines of Credit (HELOC). We also offer services for investment properties and commercial loans in 30+ additional states. A home renovation loan is a loan that includes funds for renovating, remodeling, and repairing a home. It’s often a mortgage with extra money for home improvements. Renovation loans allow you to finance repair costs to fix up your home. Typically the lender will get quotes and estimates from a contractor and then determine how much the repairs and renovations will increase the value of the home. Whether you’re looking to renovate your kitchen, install a home office or finish your basement, any major home improvement is going to require some major money. You don’t have to wait until you have all the cash in hand, though. A home renovation loan could be your path to getting the project underway sooner than you think.