Construction and Renovation Loans

We know your dream home is out there — sometimes it just takes a little bit of TLC or imagination to bring it to life.

At Waterstone Mortgage, we have several loan programs that will allow you to build your new home from the ground up. You can also make modifications to your existing home. Our streamlined loan process allows you to focus on the excitement of building or renovating your home.

can I add renovation costs to my mortgage?

Yes! If you’ve found your dream home, but there are a few changes you would like to make (like updating the kitchen appliances or adding another bathroom), a renovation loan may be the right fit for you.

Our renovation loan programs — such as the FHA 203(k) loan or HomeStyle® loan program — provide financing (or refinancing) for a new home plus the cost of eligible repairs, additions, or reconstruction. These loans are perfect for financing fixer-uppers or homes that need just a little extra work.

can I build a home from scratch?

Building a home is a great option for those who have a distinct vision of their dream house but can’t find an existing home that fits. Our Single Loan Close Construction Program provides one loan to cover construction costs and your mortgage. We’ve streamlined the process to make your life a little easier — one loan, one closing, one easy process to build your dream home.


Geographical restrictions apply. All loan requests are subject to credit approval as well as specific loan program requirements and guidelines.