Renovate your home with no down payment
VA Renovation Loans give eligible Veterans, reservists, active-duty military members, National Guard members, and surviving spouses access to a one-of-a-kind 0% down payment renovation option.
Bank CMG is not affiliated with, endorsed or sponsored by the U.S. Department of Veterans Affairs, the Department of Defense or any government agency. VA loans are subject to VA eligibility, credit approval and property requirements.
Renovation financing designed for our nation's heroes
The VA Renovation Loan is a government-backed mortgage guaranteed by the U.S. Department of Veterans Affairs (VA) that allows eligible Veterans, active-duty service members, and other qualified borrowers to purchase or refinance a home while financing eligible renovations with a single loan. Unlike many renovation loan programs that require a down payment, qualified VA Renovation Loan borrowers can buy and renovate a home with no down payment and no mortgage insurance. Whether you're making accessibility improvements, repairing an older home, or updating outdated features, the VA Renovation Loan combines the home purchase and renovation costs into one convenient mortgage.
Highlights
VA renovation features
VA Renovation Loan requirements
To be eligble for a VA Renovation Loan, you must:
- Be a member of the military (active-duty, reservist, Veteran), National Guard member, or surviving military spouse
- Be purchasing/renovating an eligble primary residence:
- 1-unit properties
- Condominiums (must be VA approved)
- Townhomes – PUD’s (attached/detached)
- Manufactured/Modular Homes
- Make approved improvements and non-structural repairs (no luxury additions/swimming pools (pool repairs allowed)
- Keep your renovation amount at or below VA loan limits
- Complete repairs within 120 days of funding
What kind of improvements can I make with a VA Renovation Loan?
- Roof repairs or replacement
- Heating and air conditioning (HVAC) updates
- Plumbing and electrical repairs or upgrades
- New flooring
- Interior or exterior painting
- Energy-efficient improvements, like insulation, windows, or doors
- New kitchen appliances
- Accessibility modifications for easier mobility
- Finishing or updating attics and basements
- Well or septic system repairs
- Driveway repairs
- Fence repairs
- Deck, patio, or porch repairs and improvements
- Landscaping and other outdoor improvements
Frequently Asked Questions
We’re here to help! Find answers to your everyday banking questions.
Eligible veterans, active-duty service members, National Guard members, Reservists, and qualifying surviving spouses may be eligible for a VA Renovation Loan.
Yes. A VA Renovation Loan is specifically designed to help eligible borrowers purchase a home that needs repairs or updates and finance those improvements with the mortgage.
The VA renovation loan limits adhere to VA Loan limits, which depend on your eligibility. For more information, check out the VA Loan page.
Non structural repairs are allowed, including:
- Roof repairs or replacement
- Heating and air conditioning (HVAC) updates
- Plumbing and electrical repairs or upgrades
- New flooring
- Interior or exterior painting
- Energy-efficient improvements, like insulation, windows, or doors
- New kitchen appliances
- Accessibility modifications for easier mobility
- Finishing or updating attics and basements
- Well or septic system repairs
- Driveway repairs
- Fence repairs
- Deck, patio, or porch repairs and improvements
- Landscaping and other outdoor improvements
Ineligible repairs include:
- TV antennas or satellite dishes
- Tennis courts
- Tree removal or major tree work
- Backup generators
- Repairs that make the home unlivable for more than 15 days after closing
- New home construction
- Room additions or expanding the home's footprint
- Accessory Dwelling Units (ADUs)
- New detached garages or other outbuildings
- Projects that require architectural plans or engineering
No. Eligible properties include 1-4 unit primary residences.