Loan Comparison Tool
Compare Renovation Loan Programs
Enter your deal parameters and see which programs you qualify for — with estimated payments, rates, and down payments side by side.
4programs eligible· 3 ineligible
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Lowest paymentFannie Mae HomeStyle®Conventional
Full guide →Est. monthly payment
$2,845
Effective rate
7.25%
Down payment
$12,900
Total interest
$607,229
- →Renovation up to 75% of after-improved value
- →Luxury items allowed (pools, landscaping)
- →1-unit investment properties eligible
- →PMI cancellable at 20% equity
Freddie Mac CHOICERenovation®Conventional
Full guide →Est. monthly payment
$2,845
Effective rate
7.25%
Down payment
$12,900
Total interest
$607,229
- →Renovation up to 75% of after-improved value
- →Resilience improvements explicitly covered
- →CHOICEReno eXPress for projects up to $50,000
- →PMI cancellable at 20% equity
FHA 203(k) StandardGovernment
Full guide →Est. monthly payment
$2,866
Effective rate
7.38%
Down payment
$15,050
Total interest
$616,794
- →No renovation cap (subject to FHA loan limits)
- →Structural work, additions, gut rehabs allowed
- →HUD-approved consultant required
- →Minimum $5,000 in renovations
- →MIP required for life of loan (< 10% down)
Hard Money / BridgePrivate
Full guide →Est. monthly payment
$3,805
Effective rate
13.00%
Down payment
$86,000
Total interest
$1,025,917
- →Asset-based underwriting — credit less critical
- →Rates typically 9–14%+ (2026)
- →Short-term: 6–24 months
- →Exit strategy required: sell or refinance
Numbers look right?
Program selection depends on more than the math — property condition, lender overlays, contractor approval, and appraisal all factor in. 25 years of renovation financing experience, $500M+ funded.
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