A renovation mortgage allows buyers to finance improvements as part of their home purchase. Instead of arranging separate financing for repairs, the purchase price and renovation costs are combined into one loan with a single monthly payment.
Top benefits for buyers:
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One combined monthly payment for both the home and the repairs
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Ability to buy a fixer-upper and renovate right away
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No need for high-interest credit cards or separate personal loans
Have a buyer skipping over homes that need updates? Let’s run the numbers on a renovation loan and show them what those properties could look like move-in ready.
Weekly Market Update
Mortgage rates remained steady this week as markets closed out January on relatively firm footing. Consumer confidence improved slightly from recent lows, while expectations for future inflation cooled a bit in the near term. Together, that points to households feeling somewhat more stable, even as they remain mindful of rising costs.
The job market continues to show resilience. New unemployment claims stayed low, a sign that most people who have jobs are keeping them. A stable employment picture is one of the key supports for the housing market, helping both buyers and current homeowners feel more secure in their plans.
Financial markets moved up and down throughout the week, but without any major surprises. For housing, that meant conditions remained fairly consistent rather than shifting dramatically in either direction. Buyers are still focused on affordability, and homeowners continue to watch for opportunities that fit their personal goals.
Overall, the theme this week was stability. The economy is not accelerating sharply, but it is also not pulling back. For consumers, that creates a more predictable backdrop to plan a purchase, refinance, or future move.
Steady conditions like these create an environment where major financial decisions can be made with more clarity and less urgency. With jobs holding firm and expectations for future price growth gradually leveling out, the current backdrop supports thoughtful planning around purchases, moves, and mortgage strategy rather than rushed reactions to sudden market swings.
Rate info as of 01/30/2026, subject to change. Not financial/investment advice, consult a financial advisor for your specific situation.
