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Renovation Loan Programs

Turn your house into your dream home while enhancing its value.

Whether opting to renovate your existing home to better fit your needs or choosing to purchase a fixer-upper, a renovation is a big (and exciting!) step. It’s important to ensure you are working with a dedicated team with a record of renovation knowledge, experience, and reputation.



FHA 203(K) Renovation Loan Program

A FHA 203(K) renovation loan is a government loan program backed by the Federal Housing Administration (FHA) and are offered in 2 different loan types to best fit your renovation needs including the Standard 203(K) loan and the Limited 203(K) loan.

A Standard 203(K) loan is intended for homes needing major renovations, structural repairs or other changes exceeding $35,000 versus a Limited 203(K) loan is intended for simple, non-structural repairs and renovations up to $35,000.


Eligible improvements for a Standard 203(K) loan:
Eligible improvements for a Limited 203(K) loan:


Fannie Mae HomeStyle® Renovation Loan Program

The Fannie Mae HomeStyle® renovation loan can be used for a primary or secondary home or investment property. It allows for the financing of basic renovations and luxury items including swimming pools, detached garages and gazebos.

Freddie Mac CHOICERenovation Loan Program

The Freddie Mac CHOICERenovation loan can also be used for the financing of basic renovations and luxury items including swimming pools, detached garages and gazebos. Pool projects consisting of only pool installation, decking and/or any fencing or netting immediately surrounding the pool may be eligible for reduced documentation.


This is not a commitment to lend. All loans subject to program guidelines including credit and property approval. If refinancing an existing loan, the total finance charges may be higher over the life of the loan. 

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Your Experience is Our Priority

Your local lending partner, our team strives to exceed your expectations before, during and after the mortgage process.

Thomas was exceptional to work with......always friendly and easy going but always with pertinent answers....we ended up pulling a contract on one house and then finding another and he handled that transition with integrity and kindness.....we would highly recomment his services.....thank you so much....carol ann and michael

Carol Ann Walter

Steven and Benchmark Mortgage was great and a thrill to work with and wouldn't rank anyone above them.

Jonathan R.

Thomas St. John was a pleasure to work with... He understood my needs and timing and worked hard to make sure I had everything
needed so that we could go to closing much faster than I could have imagined. His follow through with details before, during, and after
the process made it a better experience. Should I ever need another loan for refinance or purchase, I will stop and shop Benchmark
first... Thanks!!!

Brian K.

Nothing! Steven was extremely knowledgeable and helpful. He was ALWAYS accessible, professional, and understanding. He will be
my first and only recommendation to Family, Friends, and Colleagues!

Barry N.

Thomas St. John is amazing! He explained everything so well and was able to work with my hectic work schedule to
get everything finished. He is very personable and makes you feel like you're more than just a customer. He even
attended my closing.

J. Tharp

Benchmark was a fantastic company to deal with. They were always there whenever I had questions and even took
the time to meet with us when we were so confused. They are professional and very knowledgeable. They never
made me feel like I had a stupid question. They are very reliable and are great at explaining things and processes.

Elizabeth W.

I was very pleased working with Steven D'Antonio and the Benchmark Mortgage team. They offered a high level of
customer service and were very communicative throughout the process. They have this done to an art and are able
to troubleshoot and provide insight on what to expect during the home buying process. I would recommend them to

Jonathan R.

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Ready to Fund Your Dreams?

Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - apply today to begin.