Renovation Loans in Charlotte, NC for Real Estate Investors

What Is a Renovation Loan?

A renovation loan is short-term financing that covers both the purchase and repair costs of a property. Ideal for real estate investors and homeowners in Charlotte, NC, these loans are based on the property’s after-repair value (ARV) and allow for fast approvals and flexible terms.

Is a Renovation Loan Right for You?

Renovation loans from On Point are ideal for:
• Real estate investors renovating to resell or rent
 Homebuyers upgrading fixer-upper properties
• Owners planning major home improvements
• Buyers targeting distressed or outdated homes
• Clients needing financing based on after-repair value (ARV)

Pros and Cons of Renovation Loans

Benefits and Considerations for Real Estate Investors and Homeowners

Pros
  • Covers both purchase and renovation costs
  • Fast approvals for eligible investors and buyers
  • Great for fixer-uppers and distressed properties
  • Flexible loan terms for different project scopes
  • Can increase property value and resale potential
  • Based on after-repair value (ARV), not just current condition
Cons
  • Higher interest rates than standard mortgages
  • Requires solid renovation plan and cost breakdown
  • Not ideal for cosmetic-only upgrades
  • Shorter repayment periods may apply
  • Potential for construction delays or budget overruns
  • Loan approval may depend on contractor bids or timelines

Why Choose On Point Home Loans for Renovation Loans in Charlotte, NC

Local Charlotte Experts with Fast, Flexible Funding

Our team understands the local market and delivers renovation loan approvals in as little as 24 hours.

Up to $1M in Renovation Financing

Get the capital you need for property improvements, flips, or major home upgrades – no unnecessary restrictions.

Loans Based on After-Repair Value (ARV)

We approve loans based on your property’s future value, not just its current condition.

Support for Investors and Homeowners

Whether you’re flipping homes or upgrading a fixer-upper, we tailor your loan to your renovation goals.

Transparent Terms with No Junk Fees

You’ll never deal with hidden fees or surprise charges – just straightforward renovation financing.

Close in 7–14 Days with Local Underwriting

Enjoy a faster process with local decision-makers who move your loan from approval to closing quickly.

Renovation Loans Up to $1M – Fast, Flexible Funding

Finance upgrades, repairs, or full rehabs – with trusted local support and fast approvals.

• Finance both minor upgrades and full-scale renovations

• Borrow based on after-repair value (ARV), not current condition

• Perfect for improving outdated, distressed, or fixer-upper properties

• Covers material, labor, and contractor costs within one loan

• Works for both owner-occupied homes and investment properties

• Customized loan terms to match your renovation timeline and budget

Renovation Loan FAQs for Real Estate Investors and Homeowners

A renovation loan is financing that covers both the purchase and rehab costs of a property. On Point uses the after-repair value (ARV) to help fund upgrades, allowing for more flexible loan amounts and faster approvals.

Renovation loans are ideal for real estate investors, homebuyers, and homeowners looking to improve a property. Approval is based on the project scope, ARV, and borrower equity — not just credit score.

We fund single-family homes and 2–6 unit multifamily properties, including fixer-uppers, distressed properties, and foreclosures.

On Point offers renovation loans up to $1 million, with flexible terms to match your project timeline and renovation budget.

Most renovation loans close in 7–14 business days, with pre-approvals available within 24 hours and funds released quickly upon approval.

Traditional mortgages don’t cover repair costs and are based on current value. Renovation loans focus on future value (ARV) and fund both purchase + improvement, making them ideal for properties needing work.