Andrew PhalenStonehaven Mortgage
Home Renovation
Specialty Loan Program

Buy, refinance, and renovate in one loan

Fund the purchase or refinance of a home plus the cost of improvements, all in a single mortgage.

Available 7 days a week Call (630) 926 6368 NMLS #2354018
The Home Renovation Loan

The right home in the right neighborhood, even if it needs work

A renovation loan lets you purchase or refinance a home and fund improvements together in one loan. If you have found a place that needs work in the neighborhood you love, this is how you make it yours and turn it into the home you want, without juggling separate financing for the repairs.

Why it works

What this loan can do for you

01

One loan, one closing

Combine the purchase or refinance and the renovation costs into a single mortgage.

02

Finance repairs and upgrades

Cover the improvements that make the house truly right for you.

03

Stay in the neighborhood you love

Buy a home with potential in the area you already want to be in.

Why work with me

A second-generation loan officer in your corner

I have been immersed in the mortgage industry since I was 17, building a deep understanding of it from the ground up. My focus is simple: make the process straightforward, transparent, and stress-free for you.

Whether you are a first-time buyer or refinancing, I will guide you through every step with advice tailored to your goals. Feel free to call me anytime, including weekends.

Book a time to talk
Common questions

Home Renovation loans, answered

How much can I borrow for the work?

Renovation loans are generally based on the home value after improvements. We will map out your project and budget.

How do the funds get released?

Improvement funds are typically released to your contractor in stages as the work is completed. I will guide you through the process.

Ready to talk through your Home Renovation options?

Let us review what fits your goals and get you a clear next step. No pressure, just straight answers.