What can you use a home renovation loan for?

You can use a home renovation loan for all sorts of repairs, renovations and remodeling projects around the house. Here are just a few examples of the possibilities: Adding a garage Building an outdoor entertainment space Finishing a basement or attic Installing a pool Installing solar panels Modernizing an older house Putting an addition onto your home Remodeling a bathroom Upgrading a kitchen

Home Renovation Loans

Get the right financing to fit your renovation project

Turn your home renovation plans into reality

When you're ready to renovate, we're ready to help. Our expert lending team can get you the financing you need, so you can focus on creating your dream home.

Flexible finance options

Explore fixed-rate and variable-rate options to find what fits your needs.

Pick your property

You can use a home renovation loan on a primary or secondary residence.

Choose your contractor

Ensure your projects are done your way by selecting your own contractor.

Get closer to the home of your dreams

Application Requirements

Qualify for a home renovation loan

Create an account in our online application platform. Here's what you'll need to apply for a home renovation loan.

Social Security number
Employer contact information
Estimated income, assets and liabilities
Details on the property you're interested in renovating

Get guidance through the home financing process. We're here to help.

Find a Mortgage Banker

Special financing programs

Talk to your mortgage banker about our various renovation financing options, including special financing for medical personnel.

Financing options that fit your needs

There's no prepayment penalty, and you can explore both fixed- and variable-rate options to find the right loan for you.

Go beyond the limit

Loan amounts are available beyond what traditional mortgage loans can offer, up to $3 million.

Avoid renovation headaches

We give you one less thing to worry about by paying your builder as renovation progresses.

Before you apply for a home renovation loan, it's important to plan ahead and gather everything you'll need to qualify.

Step 1

Find your contractor

You'll need to have a contractor in place before applying for a home renovation loan. This includes scoping and putting together plans for the renovation work.

Step 2

Gather your information

Collect the renovation contract with detailed pricing and timeline information, as well as proof of the contractor's credentials.

Step 3

Get pre-qualified

Start a conversation with one of our lending experts. We'll help you understand your options and how much you can borrow before officially applying.

A home renovation loan is a way for homeowners to finance repairs, renovations, additions and upgrades to their house. Renovation loans come in different forms and sizes depending on the individual borrower's needs. For example, renovation loans can have a fixed or variable interest rate, and their terms can vary as well. Commonly, these loans come in 15-year and 30-year terms, effectively taking the place of your mortgage so you only have to pay one debt.

No. With a home renovation loan, the funds are used to pay off the existing mortgage, leaving extra funds to be used for renovation. Unlike personal loans, home renovation loans aren't disbursed directly to the borrower. Instead, they are paid to the contractor as renovation work is completed. This is convenient for the borrower because they only have one monthly payment to make for their home, and they don't have to handle payments to the contractor on their own.

You can use a home renovation loan for all sorts of repairs, renovations and remodeling projects around the house. Here are just a few examples of the possibilities:

Adding a garage
Building an outdoor entertainment space
Finishing a basement or attic
Installing a pool
Installing solar panels
Modernizing an older house
Putting an addition onto your home
Remodeling a bathroom
Upgrading a kitchen

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Open your CD online

To qualify for the promotional rate, please take note of the following conditions:

The minimum opening deposit is $5,000, up to a maximum of $250,000.
This CD must be funded from external sources as soon as it's opened. Funding can't be sourced from existing First Citizens or CIT accounts.
The owner(s) of this CD must reside in a state where there is a First Citizens branch.
This CD is not available for trusts, businesses or other entities.
Public funds are also ineligible for this CD.
This account may not be opened as an Individual Retirement Account.
This CD isn't available at branch locations.

Get pre-qualified online in 4 steps

When you select the link below, you'll be taken to the login page for our mortgage application system.
On that page, select the Create Account button located below the Log In button. Even if you have a First Citizens digital banking account, you'll need to create an account for our application system.
Once you've created an account, you can log in to fill out and submit your application. Submitting an application doesn't mean you're agreeing to a loan.
After receiving your application, a mortgage banker will reach out to you to discuss your options.

Or contact a local mortgage banker

If you'd prefer to talk with someone directly, you can call 888-280-2885 or search our local directory to find a mortgage banker near you.

Start pre-qualification process

Whether you want to pre-qualify or apply for a home loan, getting started with the process to secure and eventually close on a home loan is as easy as one, two, three. We're here to help you navigate the process. Start with these steps:

Click Create an Account. You'll be taken to a page to create an account specifically for your mortgage application.
After creating your account, log in to complete and submit your mortgage application.
A mortgage banker will contact you within 48 hours to discuss options after reviewing your application.

Speak with a mortgage banker

Prefer to speak with someone directly about a mortgage loan? Our mortgage bankers are ready to assist with a free, no-obligation loan pre-qualification. Feel free to contact a mortgage banker via one of the following options:

Call a banker at 888-280-2885.
Select Find a Banker to search our directory to find a local banker near you.
Select Request a Call. Complete and submit our brief contact form to receive a call from one of our mortgage specialists.

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