Your Home Has Potential — You Just Need the Right Loan
Maybe you found a house in the perfect neighborhood, but it needs some serious updating. Or perhaps you’ve lived in your home for years, and it’s time to modernize the kitchen, add a new room, or upgrade the bathrooms.
However, when you start pricing out renovations, the costs can be overwhelming. That’s where a renovation loan comes in. At On Point Home Loans Inc., we help homeowners in Charlotte turn renovation dreams into reality—without draining their savings.
What Is a Renovation Loan?
A renovation loan lets you finance both the purchase (or refinance) of a home and the cost of improvements with a single mortgage.
In other words, you can roll everything—purchase price, repair costs, and upgrades—into one simple loan. As a result, you save money, simplify payments, and increase your home’s value all at once.
There are several types of renovation loans available, including:
- FHA 203(k) Loan – Ideal for homeowners and buyers looking to make structural or cosmetic improvements.
- HomeStyle Renovation Loan – Great for conventional borrowers who want to update or modernize their home.
- Construction-to-Permanent Loans – Perfect for major overhauls or large additions.
Why Renovation Loans Are Gaining Popularity in Charlotte
Charlotte’s housing market is competitive. Many buyers find that move-in-ready homes come with steep price tags. Consequently, more people are choosing older or “fixer-upper” homes and financing their upgrades through renovation loans.
In addition, homeowners who already love their location are using renovation financing to remodel instead of moving. This strategy not only saves on moving costs but can also significantly increase property value over time.
A Real Story: From Outdated to Outstanding
One Charlotte family found their dream home—spacious backyard, great schools, and quiet street—but the kitchen and bathrooms hadn’t been updated since the 1980s. Instead of walking away, they worked with On Point Home Loans Inc. to secure a renovation loan.
As a result, they financed both the home purchase and the $75,000 in upgrades in one simple mortgage. Within months, their outdated property became their forever home—customized exactly how they wanted it.
Benefits of a Renovation Loan
Whether you’re a homebuyer or a current homeowner, renovation loans offer unique advantages:
- Combine purchase and renovation costs into one loan
- Make updates that improve comfort, function, and value
- Choose from flexible loan programs that fit your goals
- Increase your home’s resale value
- Avoid high-interest credit cards or personal loans
In addition, a renovation loan can help you build equity faster and boost your property’s long-term potential.
Why Work with On Point Home Loans
At On Point Home Loans Inc., we understand that every renovation project is different. Therefore, we tailor our loan solutions to match your specific goals and budget.
We offer:
- Expert guidance through every step
- Competitive rates and flexible options
- Access to FHA, conventional, and specialized renovation loans
- Fast approvals and dedicated loan specialists
Moreover, our team simplifies the process so you can focus on designing your dream space—not stressing about financing.
Make Your Move — Start Your Home Transformation Today
Your dream home might be the one you’re already in. With the right renovation loan, you can transform your property into a space that fits your lifestyle perfectly.
Call 704-941-3030, visit www.ophomeloans.com, or email info@ophomeloans.com to learn more about how On Point Home Loans Inc. can help you finance your next home improvement project.
