Finance the Fix—With a Rehab Loan
Buy or refinance a home and roll renovation costs into one loan.
Perfect for fixer-uppers, outdated homes, or major repairs.
No Down Payment. No PMI. No Hassle—With a VA Loan
Exclusive benefits for veterans, active-duty service members, and eligible spouses.
Buy or refinance a home with no down payment and flexible qualification standards.
What Is a Rehab Loan?
A rehab loan allows you to finance both the purchase (or refinance) of a home and the cost of renovations with a single mortgage. These loans are often backed by the FHA or offered through specialized renovation programs.
How It Works
🔧 Covers purchase + renovation costs in one loan
🏚️ Use on fixer-uppers or homes that need major updates
📆 Renovation funds released in draws during construction
🔄 Can be used to refinance and renovate your current home
Who Qualifies?
Rehab loans are available to buyers and homeowners planning to live in the property as a primary residence. You’ll need to qualify based on your credit, income, and project scope—typically with a 620+ credit score and a detailed renovation plan.
Why Buyers & Homeowners Use Rehab Loans:
🔨 Buy homes others overlook
🏚️ Turn a fixer-upper into your dream home
💰 Finance repairs with just 3.5% down (FHA 203k)
🔄 Renovate your current home without a second loan
📈 Build instant equity through upgrades
Rehab Loan FAQs
Yes. You can refinance your current home and finance renovations at the same time.
That’s fine! These loans are made for properties needing serious repairs.
Usually, yes. Lenders require professional estimates and oversight.
About Us
NEXA Lending is a Mortgage Broker lending to consumers looking to own a home or refinance their existing. Our mission is to serve our customers with honesty, integrity, and competence while providing an exceptional customer experience.
Company NMLS: 1660690
Equal Housing Opportunity
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Disclosures and License Information
Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))