🏠 Fix Up Your Dream Home with a VA Renovation Loan

Are you a veteran or active-duty service member? Did you know there’s a special loan that lets you buy or refinance a home and fix it up at the same time? It’s called the VA Renovation Loan, and it helps you turn a “fixer-upper” into your dream home—all with no down payment if you qualify!

✨ What’s a VA Renovation Loan?

A VA Renovation Loan lets you:

• Buy a home or refinance one you already own

• Get money to make repairs or upgrades

• Put it all into one easy loan

You can use up to $100,000 to fix things or make the home nicer—but it has to be smaller repairs. You can’t do big stuff like changing the foundation or building a new house.

🔨 What Can You Fix or Upgrade?

You can use the loan for things like:

• Fixing or replacing the roof

• New heating, air, plumbing, or electricity

• A new kitchen or bathroom

• Getting rid of mold

• Saving energy with better windows or insulation

• Making the home easier for people with disabilities

• Fixing fences, decks, patios, or driveways

• Adding things like a fridge, oven, or washer and dryer

🚫 What You CAN’T Do:

• You can’t build something brand new

• No swimming pools, hot tubs, or tennis courts

• No fancy outdoor kitchens or fireplaces

• No big landscaping projects

• No repairs that change the structure of the house

✅ Who Can Get This Loan?

• Veterans, active-duty service members, or certain family members

• Credit scores need to be:

  • 580+ if you’re putting a little money down

  • 600+ to get 100% financing

  • Higher scores if it’s a big loan or a bigger property

You can use this loan for houses, condos (if VA-approved), and even manufactured homes (like mobile homes) with some rules.

🏗️ How Does It Work?

1. Get a contractor (a licensed builder) to write up what needs fixing and how much it costs.

2. A VA appraiser checks what the home will be worth after the repairs.

3. You get approved for the loan based on that future value.

4. Contractors start fixing your home. They must start within 30 days after closing the loan.

5. They get paid in steps (not all at once) as the work gets checked.

6. A VA inspector comes back when it’s all done to make sure it’s right.

The whole job must be finished in 6 months or less.

👷 Special Rules:

• If the repairs cost more than $50,000, a HUD consultant must help check everything.

• You can’t do the repairs yourself. It must be done by pros.

• No paying the contractor before they start. They get paid as work gets done.

💡 Is This Loan Right for You?

If you’re a veteran and find a house that’s not perfect but has potential, the VA Renovation Loan can help! You can fix it up just how you like while still getting the great VA loan benefits like no down payment.

🚀 Want to Learn More?

If you’re ready to turn a fixer-upper into your dream home, reach out to Mojave River Mortgage. We’re happy to help answer questions and guide you every step of the way.

⚠️ Disclosures:

• All loans are subject to credit approval and program guidelines.

• Not all applicants will qualify.

• Terms, conditions, and availability of the VA Renovation Loan are subject to change without notice based on guidelines set by the U.S. Department of Veterans Affairs (VA) and participating lenders.

• This is not a commitment to lend. Restrictions may apply.

• Mojave River Mortgage is not affiliated with any government agency, including the VA.