A renovation loan (also known as a home improvement loan) is a type of mortgage that includes the funds needed to buy a home or refinance an existing mortgage while also covering the cost of repairs, upgrades, or remodeling.

Unlike traditional home loans, which are based on the current value of the home, renovation loans are based on the future, post-renovation value. This allows buyers and homeowners to finance improvements that increase property value and functionality.

Who Is a Renovation Loan Right For?

Renovation loans are a smart solution for:

• Buyers who want to purchase a fixer-upper or outdated home in a great neighborhood
• Homeowners who want to remodel, add space, or modernize without moving
• Anyone looking to increase home value before selling
• Families planning for accessibility upgrades, energy-efficient improvements, or custom features

If you’re thinking about buying a home in Lawrenceville that needs some TLC—or updating your current home instead of moving—Windward Mortgage can walk you through your renovation loan options.

FHA 203(k) Loan

The FHA 203(k) Loan is one of the most popular renovation financing options we offer at Windward Mortgage, especially for buyers with lower credit scores or limited savings. Backed by the Federal Housing Administration, this loan allows you to purchase a home and finance renovations with a single mortgage.

With as little as 3.5% down, borrowers can fund a wide range of upgrades—such as kitchen remodels, flooring replacements, HVAC updates, or roof repairs. There are two types of FHA 203(k) loans: the Standard 203(k), for major structural work, and the Limited 203(k), designed for smaller updates up to $35,000.

Fannie Mae HomeStyle® Renovation Loan

The Fannie Mae HomeStyle® Renovation Loan is a great option for borrowers who have stronger credit and are interested in more customization. This loan allows you to finance both the home and improvements based on the after-renovation value, giving you the ability to maximize your home’s potential.

It’s especially useful for larger or luxury upgrades like room additions, modern bathrooms, energy-efficient features, or even adding a swimming pool. The HomeStyle loan is available for primary residences, second homes, and even investment properties, making it a versatile choice for different types of buyers in Lawrenceville, GA.

VA Renovation Loan

For eligible veterans and active-duty military, the VA Renovation Loan offers a powerful way to improve or repair a home while keeping all the benefits of a VA loan. It combines renovation funds with a traditional VA mortgage, so borrowers can finance both purchase and improvements under one loan.

This option is ideal for military families looking to renovate an older property or make a newly purchased home move-in ready. With no down payment required and competitive rates, it’s a smart and affordable way to create a home that fits your lifestyle and needs.

What Can You Use a Renovation Loan For?

Renovation loans can be used to finance a wide range of home improvements that boost your home’s value, livability, and efficiency. At Windward Mortgage, we help Lawrenceville homeowners and buyers fund projects that truly make a difference.

You can use a renovation loan for kitchen and bathroom remodels, including new cabinets, countertops, or fixtures. It’s also ideal for replacing flooring, appliances, or upgrading an old roof.

Need structural work? These loans can cover foundation repairs, as well as HVAC, plumbing, or electrical system upgrades—making your home safer and more energy-efficient.

Thinking bigger? You can fund room additions, garage conversions, or even accessibility features like ramps and walk-in tubs. Renovation loans are also a smart way to invest in energy-saving improvements like insulation, windows, or solar panels.

The Renovation Loan Process with Windward Mortgage

We make the process simple and clear, guiding you from start to finish:

1. Consultation & Pre-Approval
   We evaluate your goals, finances, and renovation plans to determine which program is best for you.
2. Home + Contractor Selection
   If you’re buying, we’ll help you get pre-approved so you can shop confidently. Already own your home? We’ll move straight into the planning phase. You’ll work with a licensed contractor to outline the scope and cost of renovations.
3. Appraisal Based on Future Value
   An appraiser will estimate your home’s after-renovation value, which helps determine your loan amount.
4. Loan Closing & Construction Begins
   Once the loan closes, renovation funds are held in escrow and disbursed as the work is completed.
5. Final Inspection & Project Completion
   We coordinate inspections and paperwork to ensure everything is done properly and on time.

Throughout the process, Windward Mortgage is here to make sure your loan closes smoothly—and your renovation is a success.

Why Choose Windward Mortgage for Renovation Loans in Lawrenceville?

We’re proud to be Lawrenceville’s local mortgage experts, serving buyers and homeowners across Gwinnett County with personalized service and deep knowledge of the Georgia housing market.

Here’s what makes us different:

• Local team, personalized support
• Access to FHA, conventional, and VA renovation programs
• Fast approvals and responsive communication
• Honest advice tailored to your financial situation

Whether you’re dreaming of a brand-new kitchen or buying a property with “good bones,” we’re here to help you make it happen.

Ready to Renovate Your Future?

Let’s talk about how a renovation loan from Windward Mortgage can help you transform your space and build long-term value. Whether you’re buying or already own your home in Lawrenceville, GA, we’ll help you finance improvements that matter.

📞 Contact us today for a free consultation or apply online to get started!