Renovation Mortgage

Considering renovation? We have the perfect loan option for making your current or new home a dream home!

The LMCU Renovation Mortgage provides a convenient and low-cost way for you to make repairs and renovations to a purchase or refinance of an existing home.


  • Up to 97% financing for eligible borrowers*
  • Renovation funds available up to 75%** of the “after-completion” appraised value of home
  • Funds for improvements are placed into escrow account for disbursement as needed
  • Streamlined builder activation creates faster process with less paperwork


To be eligible, renovations must adhere to the following:

Great low mortgage rates

Compared to traditional banks, you'll pay less on your loan rate, less on your closing costs, and less in expenses over the life of the loan.

View Rates

*Multiple renovation options. Up to 97% LTV is available through the HomeStyle Renovation product. Must meet eligibility requirements. Contact your LMCU loan officer for details. **The 75% is based on the lower of the after completion value or the purchase price plus renovation costs.