Upgrade your fixer-upper with a renovation loan.
With a renovation loan, you can purchase a fixer-upper or stay in the home you love while making the upgrades you desire. eCU Mortgage, a subsidiary of First Service Credit Union, offers several loan options to fit your needs. We do all the work while you start planning those exciting upgrades and show-stopping renovations! Apply online or visit a local branch today.
Apply for a home renovation loan Now
FHA 203(K) Loans (Standard & Limited)
The FHA 203(K) loan allows you to finance a fixer-upper or a home needing minor improvements with the money needed for structural and cosmetic improvements. The loan also allows financing of energy conservation improvements, roofs, appliances or non-structural repairs like painting.
Apply for an FHA 203(K) loan Now
Flexible guidelines for the borrower
Lower down payments
Stricter guidelines for homes and improvements
More lenient guidelines on renovations
Lower closing costs
Requires higher credit scores
FHA 203(H) Loans
The FHA 203(H) loan is a disaster relief loan provided for residents of a Presidentially-Declared Major Disaster Area (PDMDA).
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Home must be the primary residence in a PDMDA
Up to 100% financing for new homes or renovations on existing homes
Available for up to one year from declaration of PDMDA