BiggerPockets | Best Investor Home Renovation Loan Options (203k, HomeStyle, + More) @biggerpockets | Uploaded May 2024 | Updated October 2024, 6 hours ago.
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Need a home renovation loan to fix up your next investment property? For most investors, financing is one of the most challenging steps when getting a rehab done, but it doesn’t have to be. With numerous different renovation loans for investors, ranging from low-interest conventional loans all the way up to high-interest, but no-income-required, hard money loans, whatever renovation project you’re doing, there’s a loan out there for you.

So today, our two on-call mortgage experts, David Greene and Christian Bachelder, are back on Mortgage Monday to walk through all your home renovation financing options, start to finish. We’ll touch on the 203k loan so many new investors use, the HomeStyle loan, using a HELOC (home equity line of credit) to finance your renovation, and even hard money loans and bridge debt. If you’re on the rehab "R" of your BRRRR, you must know ALL these options to get the deal done!

Discover stress-free real estate investing with the largest family-owned turnkey investment company, REI Nation. Whether you’re a seasoned investor or just starting out, they are dedicated to helping you achieve your financial goals in the world of real estate investing.

Visit hubs.ly/Q02htJt90 to start your turnkey real estate journey, where your success is their commitment.

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How to Get a Renovation Loan With Less-Than-Stellar Credit:
biggerpockets.com/blog/renovation-loan-less-than-stellar-credit?utm_source=youtube&utm_medium=description&utm_campaign=none
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FHA 203(k) Loan: How It Works and Loan Requirements:
biggerpockets.com/blog/fha-203k-loan?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Homestyle Renovation Mortgage: How to Use it to Fund Fixer-Upper Houses:
biggerpockets.com/blog/homestyle-renovation-mortgage?utm_source=youtube&utm_medium=description&utm_campaign=none
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Work with The One Brokerage:
Website: the1brokerage.com
Email: christian@theonebrokerage.com
Intake Email: intake@theonebrokerage.com
Christian Bachelder NMLS 1668250
One Brokerage NMLS 2142653
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Work with David:
Website: davidgreene24.com
YouTube: youtube.com/@DavidGreene24
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Connect with Christian and David on BiggerPockets:
Christian: biggerpockets.com/users/christianb79?utm_source=youtube&utm_medium=description&utm_campaign=none
David: biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Christian and David on Instagram:
Christian: @the_one_broker or instagram.com/the_one_broker
David: @davidgreene24 or instagram.com/davidgreene24

00:00 Renovation Loans 101
01:49 Sponsor: REI Nation!
02:40 Home Renovation Loan Options
05:18 4 Ways to Finance Home Renovations
06:58 When to Use Which
09:38 What Are the Interest Rates?
10:36 Cons of Each Loan
12:11 Using a HELOC?
12:15 How to Qualify
14:35 Questions to Ask a Lender