Rehab Loans in Colorado
Finance home improvements, repairs, or fixer-uppers with one loan
Looking at a home that needs some work? A rehab loan can help you buy and renovate the property all with one mortgage. Whether you’re a first-time buyer eyeing a great deal, or a homeowner planning major updates, rehab loans in Colorado are designed to make financing renovations simple.
We work with buyers, owners, and investors across Denver, Castle Rock, Highlands Ranch, Parker, and beyond to secure the right renovation financing.
What is a rehab loan?
A rehab loan (also called a renovation loan) combines the purchase price or current mortgage with the cost of repairs or upgrades into a single loan. This allows you to tackle updates like:
- Roof replacements
- Kitchen and bath remodels
- Flooring, paint, and cosmetic updates
- Structural repairs or HVAC upgrades
- Accessibility modifications
These loans are perfect for properties that don’t quite qualify for conventional financing due to condition or for buyers who want to make a home their own from the start.
Common rehab loan programs:
- FHA 203(k) Loans – Ideal for owner-occupied homes with flexible credit requirements
- Fannie Mae HomeStyle® Loans – Great for primary, second homes, or investment properties
- Conventional Renovation Loans – For borrowers with stronger credit and higher renovation budgets
- Investor Fix & Flip Loans – Short-term rehab loans designed for real estate investors
Not sure which is best for you? We’ll help you compare your options and estimate renovation budgets upfront.
Rehab loan guidelines
– Minimum credit scores usually start at 620 (varies by program)
– Appraisal will consider after-repair value (ARV)
– Licensed contractor bids required
– Primary residence, second homes, and some investment properties may qualify
– Funds are held in an escrow account and released during construction
Learn more from the HUD FHA 203(k) program overview
Whether you’re buying a home that needs work or fixing up your current one, we’ll walk you through every step of the renovation loan process. With in-house processing and deep expertise, we’ll help make your vision a reality.
Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request your custom quote. We’re here to help Colorado buyers and owners finance their dream renovation.
*Guidelines current as of May 2025