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Construction & Renovation Loans

Build, restore, or transform financing solutions for visionaries and renovators.

At Scout Lending, we understand that every great project starts with a dream and the right financing to bring it to life. Whether you’re building your home from the ground up, breathing new life into an existing property, or flipping a house for profit, our Construction & Renovation Loan Programs are structured to support your vision at every stage. With options for veterans, investors, primary homeowners, and short-term strategists, we empower you to design, renovate, or construct with confidence. Let us be your lending partner from blueprint to final walkthrough.

VA One-Time Close Construction Loan

Build your forever home with no money down and just one closing.

This specialized VA-backed loan merges the financing for both the construction phase and the permanent mortgage into a single closing process. Qualified veterans can build their primary residence with 100% financing, avoiding the complexity and cost of managing separate loans. This streamlined solution simplifies what is often an overwhelming process and provides cost-saving benefits that truly honor your service.

Why Our Clients Love It:

  • 100% financing eliminates the need for a down payment, making homeownership more accessible for veterans
  • Only one closing is required, reducing the costs and paperwork associated with two-step loans
  • Supported by VA guidelines, offering competitive interest rates and favorable terms

Who It’s Best For:

  • Active-duty military members and honorably discharged veterans: Looking to build a custom primary residence with ease and security. This loan offers a path to homeownership that reflects the service and sacrifices made by our nation’s military, providing affordable, streamlined access to a brand-new home.
  • Military families: Seeking to plant long-term roots without significant upfront costs or complex lending structures. These families benefit from a trusted, VA-backed process that ensures stability and peace of mind as they build their futures.
  • Veterans transitioning from service: In need of a simplified loan process that honors their commitment and avoids procedural red tape. This product reduces friction and helps veterans settle into civilian life with clarity and support.
  • Borrowers with VA entitlement: Wanting a home built to personal specifications without the need for bridge financing or second closings. These borrowers can design their dream homes from the ground up with confidence and financial flexibility.

FHA 203(k) Rehab Loan

Finance your fixer-upper and renovations in a single affordable loan.

The FHA 203(k) loan is ideal for buyers or current homeowners who want to finance both the purchase and renovation of a home in one package. Backed by the Federal Housing Administration, this loan helps buyers afford homes that need updates and allows current homeowners to modernize or repair their existing property without multiple loans or high-interest credit.

Why Our Clients Love It:

  • Combines the home purchase and renovation costs into one convenient FHA-backed loan
  • Lower down payment options, often as low as 3.5%, make home improvements more accessible
  • Can be used for both structural upgrades and cosmetic repairs

Who It’s Best For:

  • First-time homebuyers: Want to turn a dated or distressed property into a comfortable, modern space. These borrowers are ready to embrace sweat equity or renovation planning as a stepping stone to homeownership.
  • Homeowners ready to upgrade: Targeting major improvements like kitchen remodels, roof replacements, or system overhauls without a second mortgage. This is the perfect tool for transforming your existing home into a space that better fits your current lifestyle.
  • Buyers in competitive markets: Using the loan to unlock value in overlooked properties and stand out with strategic upgrades. They are equipped with the financial tool to compete where others may see only repair costs.
  • Borrowers with modest savings: Seeking an affordable way to renovate while securing long-term mortgage benefits. This program allows them to combine affordability and vision with support from a reliable government-backed lending option.

Conventional Renovation Loans (Fannie Mae HomeStyle)

Upgrade, remodel, and customize all within one conventional loan.

The Fannie Mae HomeStyle Renovation Loan allows borrowers to finance the purchase or refinance of a home along with funds for renovations, repairs, or upgrades. Unlike some government-backed programs, it offers flexibility for second homes and investment properties, in addition to primary residences. It is ideal for borrowers with solid credit who want to enhance their property with long-term, fixed-rate financing.

Why Our Clients Love It:

  • Can be used for a wide array of renovation types, from energy efficiency improvements to high-end remodeling
  • Available for primary, secondary, and investment properties
  • Conventional loan structure with predictable payments and broader underwriting guidelines

Who It’s Best For:

  • Buyers with strong credit profiles: Want to customize or improve a home with stable and reliable financing. These buyers have financial strength and want a loan that reflects their ability to enhance property value and aesthetics.
  • Investors: Purchasing income properties who want to finance upgrades that will maximize rental income and property value. They are growth-minded and know that strategic renovation can significantly improve returns.
  • Homeowners planning extensive improvements: Including additions, conversions, or luxury remodels. These borrowers are thinking long term and want to future-proof their properties.
  • Second-home buyers: Interested in making vacation properties more comfortable or preparing them for short-term rental use. They see a second home as both a retreat and an income opportunity.

Ground-Up Construction Loans

Start with raw land and build your vision from the ground up.

For those who prefer to build from scratch, this loan provides funding for the purchase of land and the construction of residential or investment properties. These loans are structured in stages, with funds released at key phases of construction, allowing borrowers to manage costs and ensure quality throughout the building process.

Why Our Clients Love It:

  • Covers both land acquisition and construction costs, making it a comprehensive solution
  • Draw schedules are tailored to construction timelines, allowing for phased funding and smooth cash flow
  • Flexible underwriting makes it accessible for both owner-builders and licensed contractors

Who It’s Best For:

  • Homebuyers with land or plans to acquire it: Looking to build their ideal home with customized features. They are hands-on visionaries who want to shape their dream home from the foundation up.
  • Licensed home builders and contractors: Seeking a financing partner to support project milestones and cash flow management. These professionals value timely draws and underwriting that understands the construction lifecycle.
  • Real estate developers and investors: Wanting to fund new construction on single-family or multi-unit projects. They need reliable lending that keeps pace with their growth.
  • Borrowers handling complex construction builds: Who need funding flexibility and oversight support during each phase. They value strong lender relationships and detailed scheduling.

Fix & Flip Loans

Short-term capital for fast-turn renovation and resale projects.

Designed for experienced real estate investors, Fix & Flip loans offer short-term financing for the purchase, renovation, and resale of investment properties. These loans are structured to move quickly, supporting time-sensitive deals and rapid renovations.

Why Our Clients Love It:

  • Fast funding timelines allow borrowers to seize market opportunities
  • Loans are often based on after-repair value (ARV), giving more purchasing power
  • Terms are designed to align with quick renovation and resale strategies

Who It’s Best For:

  • Seasoned real estate investors: Looking to scale their operations and flip multiple properties in competitive markets. These clients require capital that moves as fast as the deals they pursue.
  • Contractors or construction-savvy borrowers: Who can manage renovations quickly and within budget. Their expertise allows them to turn properties efficiently and increase resale value.
  • Real estate agents or professionals: Taking advantage of market insight to purchase, renovate, and sell homes profitably. Their knowledge of buyer behavior helps them identify flip-worthy opportunities.
  • Aspiring flippers: Seeking fast access to capital with guidance and room for growth in the real estate investment space. This loan serves as a launchpad for building their reputation and portfolio.

Bridge Loans

Cross over with confidence while buying and selling.

A Bridge Loan provides short-term financing that allows borrowers to purchase a new property before selling their current one. It’s perfect for homeowners who don’t want to rush a sale or miss out on a new opportunity due to timing misalignment.

Why Our Clients Love It:

  • Offers liquidity when needed most, enabling non-contingent offers on new homes
  • Prevents rushed decisions when selling a current property
  • Provides peace of mind during transitional periods

Who It’s Best For:

  • Current homeowners in transition: Those who need to buy a new home before their existing one is sold. This product removes the financial and emotional pressure of perfectly timing a sale and purchase.
  • Buyers in competitive markets: Where sellers expect non-contingent offers to secure deals. These clients need a strong position and fast access to funds to stay competitive.
  • Families managing a major move: Requiring flexibility and temporary funding for a smooth relocation. They are balancing logistics and timing, and need a bridge to ease the journey.
  • Borrowers with substantial equity who prefer strategic, short-term financing options to maintain momentum during a property upgrade. They want to unlock existing value without long-term commitments.
CONTACT US

Let’s Make Your Homeownership Goals Happen

Whether you’re ready to start your loan application, have questions about your options, or just want to talk through your financial goals, we’re here for you. Reach out to our team for personalized support and expert guidance every step of the way.

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