Renovation Loans in North Carolina Made Simple
Looking at a fixer-upper in Raleigh or dreaming of updating your current home? With a renovation loan, you can finance both the purchase (or refinance) and the improvements in one simple mortgage. At The Sherry Riano Team at Developer’s Mortgage Company, we believe experience isn’t expensive, it’s priceless. Since 1999, we’ve been helping North Carolina families turn houses into dream homes with trusted lending solutions, fast timelines, and a client-first approach.
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Why Choose a Renovation Loan?
Most buyers love the idea of customizing a home, but few want the hassle of juggling multiple loans. That’s where a renovation loan comes in. It allows you to roll everything into one streamlined mortgage.
With a renovation loan, you can:
- Buy a home that needs work and finance the upgrades at the same time.
- Refinance your current mortgage and add funds for repairs or remodels.
- Make improvements that boost comfort, efficiency, and long-term value.
And with our credit-first approach, same-day preapprovals, and closings in as little as 15 days, we make the process faster, easier, and smarter than most lenders.
Types of Renovation Loans We Offer
HomeStyle Renovation Loan
Perfect for homeowners and investors alike, the HomeStyle Renovation Loan covers nearly any improvement that’s permanently affixed to the property. From a new kitchen or bath to energy-efficient upgrades—or even adding a pool—this loan gives you flexibility while helping build equity right away.
FHA Limited 203(k) Loan
If your project is smaller in scope, the FHA Limited 203(k) may be the right fit. It allows up to $35,000 for non-structural repairs like flooring, appliances, HVAC, paint, or roof updates. It’s especially popular with first-time buyers who want to personalize their home affordably.
Standard 203(k) Loan
Planning a major remodel or structural work? The Standard 203(k) offers more funding power for extensive renovations. Funds are released in stages as the project progresses, making it a great option for buyers ready to take on bigger transformations.
What Makes The Sherry Riano Team Different?
When you work with our Cary-based team, you get more than just a loan—you get a partner who puts your needs first. Here’s how we make renovation loans better in North Carolina:
- We protect your credit. We compare loan options on your behalf, without unnecessary inquiries.
- We move fast. Same-day preapprovals in most cases, and closings in as little as 15 days.
- We keep you in the loop. Online loan tracking and secure document uploads make the process stress-free.
- We're local. Based in Cary and serving Raleigh and all of North Carolina since 1999.
- We’re trusted. Thousands of families have counted on us to guide them through the mortgage process with confidence.
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FAQs About Renovation Loans
Ready to Renovate Your North Carolina Home?
Whether you’re buying a home that needs TLC or updating the one you already own, a renovation loan can help you create a space that truly feels like yours. At The Sherry Riano Team, we combine 20+ years of experience, local expertise, and modern technology to make mortgages simple.
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