Exploring Renovation Loans for Fixer-Uppers

When buying a home, many prospective homeowners are understandably drawn to properties in pristine condition. However, don't be too quick to dismiss the idea of investing in a fixer-upper. While these homes may need a little TLC, they can often be diamonds in the rough, offering numerous benefits beyond their initial charm.

In this article, we'll explore why fixer-uppers are worth a second look and how a renovation loan from Supreme Lending might make your dream of homeownership a reality.

The Allure of a Fixer-Upper

Cost Savings:

One reason to consider a fixer-upper is the potential for savings. These homes may be priced lower than their move-in-ready counterparts, potentially allowing buyers to invest less upfront. With some vision, a strategic renovation may turn a fixer-upper into a valuable asset.


Fixer-uppers offer you the unique opportunity to customize your home according to your taste and needs, unlike buying a turnkey home where the design is already set.

Increased Property Value:

With the right renovations, you may be able to increase the value of your fixer-upper. This could create a more comfortable living space and potentially turn your home into a lucrative investment that may yield a substantial return on investment when you decide to sell.

Potential Hidden Gems:

Some fixer-uppers may have hidden architectural gems, such as original hardwood floors, crown molding, or antique fixtures. Uncovering these features during the renovation can add character and a unique flare to your home.

Sense of Accomplishment:

Transforming a fixer-upper into your dream home is a labor of love. The sense of accomplishment that comes from turning a neglected property into a beautiful, functional space can be incredibly rewarding.

The All-In-One Solution

Supreme Lending's Renovation home loans are all-in-one solutions that allow you to finance both the purchase of a fixer-upper and the improvements you want to make to your existing property. This flexibility makes it an excellent choice for anyone looking to invest in a property or enhance the value of a home.

Eligible Property Types

Whether you're eyeing a single-family home, a condo, a townhome, or even a multi-family property, A renovation home loan from Supreme Lending has you covered. It's not limited to your primary residence; you can use it for investment properties or second homes. The loan's versatility may open doors for various opportunities in Texas, whether you're a seasoned investor or a homeowner looking to upgrade.

Home Improvements Eligible for Financing

One of the most exciting aspects of Supreme Lending's Renovation home loans is the flexibility offered for home improvements. You can embark on a wide range of projects that may enhance your property's value, provided the improvements are permanently affixed to the property. Here's a snapshot of what you can do:

Update Flooring: Give your home a fresh look with new floors.

Repaint or Remodel the Exterior: A fresh coat of paint or a complete exterior makeover may transform your property's curb appeal.

Renovate the Kitchen: The heart of your home deserves an upgrade; modernize your kitchen with new cabinets, countertops, and appliances.

Add or Remodel a Bathroom: Enhance the functionality and aesthetics of your space with a bathroom renovation.

Replace Roofing: Protect your investment by replacing an aging roof.

Add Retaining Walls: Improve the landscaping and structure of your outdoor spaces with retaining walls.

Install Permanent Landscaping: Enhance your property's appearance with lush gardens, walkways, and other landscaping features.

Build an Accessory Unit: Create additional living space or a rental opportunity with a mother-in-law's apartment.

Install an In-Ground Swimming Pool: Enjoy your backyard to the fullest with a luxurious swimming pool.

Make Energy Efficiency Upgrades: Potentially save on utility bills and increase your property's value with energy-efficient improvements.

Refit for Accessibility: Make your home accessible to all by adapting it for individuals with disabilities.

Smaller Improvements: Even minor upgrades like repainting and replacing light fixtures can qualify for financing.


Whether you're a seasoned investor seeking to transform fixer-uppers into profitable assets or a homeowner aiming to enhance your living space, Supreme Lending's Renovation home loans may offer a straightforward and convenient solution. The ability to finance both your property purchase and renovations under one loan may make it easier than ever to turn your vision into reality. Your Texas home loan specialists at Supreme Lending can help you discover the renovation loan that might be right for you, including FHA 203(k), HomeStyle® Renovation, VA Renovation, and coming soon USDA Renovation loan options.

Don't let the opportunity to create your dream home or investment property pass you by – contact Supreme Lending today to get pre-approved for a home renovation loan and start your renovation journey!