Home Renovation
Loans in Colorado

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If you would like to make repairs or upgrades to your home, you will need to find a way to finance your project.

At Front Range Mortgage, we want it to be easy and convenient as possible for you to finance improvements to your home. As such, we offer multiple types of home renovation loans for you to choose from, with our most popular products being FHA 203(k) loans and conventional rehab loans.

What is an FHA 203(k) Loan?

An FHA 203(k) loan is a government-insured lending product which you can use for purchase or refinance of an older home in need of repairs. You may only use this type of renovation loan to make necessary improvements. You cannot, for example, put in a swimming pool using this type of financing.

One unique benefit of an FHA 203(k) loan is that you can use it not only to repair a home, but also to live elsewhere for a six month period as you are making those repairs. This means that if a home is not initially liveable when you buy it, you will have somewhere to stay while you work toward making it serviceable as a residence.

If your repairs end up being pricier than your estimates predicted, you also can take advantage of the contingency reserve included with the FHA 203(k) loan to cover those extra costs.

What is a Conventional Rehab Loan?

While the government-backed FHA 203(k) loan is a specific type of loan, conventional rehab loans encompass a variety of lending products.

Usually, you will need to furnish a higher down payment to obtain a conventional rehab loan, and you also might need a higher credit score to qualify.

But in other respects, you may find that a conventional rehab loan is a more flexible option than an FHA 203(k) loan since there is a broader spectrum of products available for different needs. One example of a conventional rehab loan you can apply for is a HomeStyle Renovation Loan.

Unlike an FHA 203(k) loan, a HomeStyle Renovation Loan can be used for pretty much any type of home improvement. You can even put in a swimming pool or make another luxury renovation.

During your consultation, we can help you figure out which type of renovation loan is right for you. As a local company which is Colorado Local, Colorado Only, Colorado Proud, we can spend more time with you than a big bank. We won’t rest until we have found the ideal match for your financing needs.

Veterans and active-duty military members: Be sure to ask us about VA Renovation Loans!

What Our Clients Are Saying

Dennis Linn
Dennis Linn
18:26 18 Aug 21
We had a great experience at Front Range. Victoria took excellent care of us and we got a tremendous rate. I had a little trouble but they worked right through it without a hitch.If I ever re-fi... again I’ll be right back here to do it.Thanksread more
CindyJo Abbott
CindyJo Abbott
03:51 15 Aug 21
I work with Victoria and Brian as a loan closing specialist. I have received so much POSITIVE feedback about how much everyone loves working with both of them. I always have a great conversation and... extreme professionalism is always at the forefront.If you need/want to refi, go through a home purchase, etc … and are unsure where to go or who to talk to, look no further than Front Range Mortgage with Victoria or Brian …. You never know, you might get lucky and have me conduct your closing. ☺️😉read more
Clemente Galang
Clemente Galang
01:32 01 Feb 21
They were there when I needed them the most.
Mark Thompson
Mark Thompson
17:13 25 Jan 21
Dominic Lupori
Dominic Lupori
15:59 25 Jan 21
great people, super fast, pleasant experience

Apply Now for a Home Renovation Loan in

Don’t let a lack of funds hold you back any longer from completing your home renovation projects. Apply for an FHA 203(k) loan, HomeStyle Renovation Loan, or other type of home renovation loan today. To get started Click below or call (303) 500-1900 in Denver.

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