Renovation Loan Calculator
Estimate your all-in loan amount, monthly payment, and LTV on ARV for a HomeStyle® or CHOICERenovation® loan.
Loan Parameters
Results
Let's look at the actual financing.
Calculators give you a starting point. Dustin gives you a strategy. If you have a real renovation deal, reach out and let's run the actual numbers together.
Send Me the Deal →Frequently Asked Questions
What is a renovation loan?
A renovation loan combines the purchase price and renovation costs into a single mortgage. Instead of buying a home and then taking out a separate loan for repairs, you finance everything together — one loan, one closing, one monthly payment. Common types include FHA 203(k), Fannie Mae HomeStyle, and Freddie Mac CHOICERenovation.
How is the loan amount calculated on a renovation loan?
The loan amount is based on the lesser of the purchase price plus renovation costs, or the after-improved appraised value — subject to program-specific LTV limits. This calculator uses purchase price plus renovation cost as the base, then applies your down payment percentage.
What is the minimum down payment for a renovation loan?
FHA 203(k) requires 3.5% down (with a 580+ credit score). HomeStyle and CHOICERenovation require as little as 3–5% for primary residences. Investment properties typically require 15–25% down depending on the program.
What is LTV on ARV and why does it matter?
LTV on ARV (after-repair value) measures your loan balance relative to what the property will be worth after renovation. Most renovation loan programs cap this at 95–97% for primary residences. A lower LTV on ARV means more equity at completion and a stronger financial position.
Educational disclaimer: All calculators on this page are provided for informational and educational purposes only. Results are estimates based on the inputs you provide and standard financial formulas. They do not constitute a loan commitment, pre-approval, or financial advice. Actual loan terms, rates, fees, and eligibility depend on your specific situation, lender guidelines, and market conditions at the time of application. Consult a licensed mortgage professional before making any financial decisions.