Conventional Renovation Loan
Want to buy a home in San Diego , California and make improvements right away—without taking out a separate construction loan? A Conventional Renovation Loan, also known as a Fannie Mae HomeStyle loan, lets you finance both the purchase price and renovation costs in a single mortgage. Perfect for San Diego California buyers who want modern updates or plan to personalize a property.
Key Features
✔ One Loan for Purchase & Renovation – Combine the cost of buying and remodeling your San Diego California home.
✔ Low Down Payment Options – As little as 3% down for qualified first-time buyers.
✔ Flexible Property Types – Primary residences, second homes, and even investment properties in San Diego California or suburbs may qualify.
✔ Wide Range of Renovations – Cosmetic updates, major structural changes, energy upgrades, and more.
Eligible Renovations
✔ Kitchen and bathroom overhauls
✔ Roofing, HVAC, and electrical upgrades
✔ Room additions or exterior improvements
✔ Luxury upgrades such as pools or outdoor kitchens (subject to loan limits)
Eligibility & Guidelines
✔ Minimum credit score typically 620 or higher.
✔ Debt-to-income ratio usually under 45%.
✔ Work must be performed by licensed contractors and approved by the lender.
✔ Fannie Mae loan limits apply to total loan amount.
Ideal For
✔ San Diego California homebuyers seeking a move-in ready look without paying top market price.
✔ Investors or second-home buyers renovating properties in San Diego California or the area.
✔ Current homeowners refinancing to update or expand their San Diego California home.
Why Supreme Lending San Diego
Our San Diego California mortgage experts specialize in renovation financing and guide you through every step—from contractor bids to final inspection—so your project stays on time and on budget.
Next Steps: Reach out to Supreme Lending San Diego California to learn how a Conventional Renovation (HomeStyle) Loan can help you purchase and improve a property in San Diego , California , all with one easy mortgage.