These fixer-upper loan programs allow you to roll the cost of repairs and renovations into the same loan you borrow to buy the home.
If the home is in need of major renovations, you may want to consider a Fannie Mae HomeStyle® Renovation or FHA 203(k) loan. These fixer-upper loan programs allow you to roll the cost of repairs and renovations into the same loan you borrow to buy the home. An added bonus: The loan is based on the fixed-up value of your home, which gives you extra borrowing power.