Renovation Permanent Loans

Easily fund your home renovation project

Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.

A good contractor can help you complete the work, and BBVA Compass can help you finance it. We make home renovations simple with our Renovation Permanent Loan. With just one application and one closing, you can get your work done faster, giving you more time to enjoy your newly remodeled space.

A Renovation Permanent Loan from BBVA Compass gives you the option to:

  • Renovate a primary or secondary home
  • Receive a loan amount up to $5,000,000
  • Secure renovation periods up to 12 months available
  • Loan Program options provide flexibility
  • Secure your permanent interest rate before you begin renovation

Ideal for major remodels, a Renovation Permanent Loan is the quickest way to a better home. Contact us today to discuss your renovation plans, and we’ll help make your home transformation process easier.

Equal Housing Lender

Looking for another option?

Choose from these other mortgage types that might work for you.

Fixed-Rate Mortgages

Looking for stable monthly payments? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.

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Adjustable-Rate Mortgages

Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires. 

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Jumbo Loans

If you’re buying a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan may be a good choice for you.

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Professional Loans

If you are a medical resident, practicing physician, attorney, oral surgeon, dentist or CPA, a Professional mortgage loan can help you achieve financial flexibility.

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Government Loan Programs

If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.

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Home Ownership Made Easier (HOME)

Through our Home Ownership Made Easier (HOME) mortgages, BBVA Compass is building stronger communities and helping people achieve the dream of home ownership.  

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Construction Permanent Loans

A Construction Permanent Loan makes new home financing simple. There's just one loan application and one closing. 

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Lot Loans

Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing. 

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Foreign National Mortgage

BBVA Compass welcomes the opportunity to provide mortgage services to Foreign Nationals who want to purchase, refinance, build, or renovate a home in the United States.  

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Home Equity Loans and Lines of Credit

Your home is often your largest asset — make your home’s equity work for you with a BBVA Compass Home Equity Loan or Line of Credit. 

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BBVA Compass Mortgage Contact Us

Please complete this inquiry form, and a Mortgage Specialist at BBVA Compass will contact you within 2 business days. There is no obligation on consultation for any of your home financing needs.


 
 
 
 
 
 
 
 

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By clicking “Submit” you are authorizing BBVA Compass to contact you by preferred method of contact you entered. Loans subject to program eligibility, collateral, underwriting and approval, including credit approval.