Refinance your existing property and finance major renovations with the Luminate Bank Interim Renovation Loan — rate/term refi plus escrowed construction draws.
Refinance With an Interim Construction Loan | The 2 Mortgage Guys
Refinance your existing property and finance major renovations with the Luminate Bank Interim Renovation Loan — rate/term refi plus escrowed construction draws.
Can I Refinance With an Interim Construction Loan?
Refinance Your Existing Home and Fund the Rehab
At a Glance
Refinance LTV Limits
Interim Refi vs. Permanent Renovation Refinance
Keep Exploring
Frequently Asked Questions
Ready to Refinance and Renovate?
Yes. Eligible homeowners can refinance an existing property and finance major renovations using an Interim Construction Loan.
If you already own a property that needs major renovations, the Luminate Bank Interim Renovation Loan lets you refinance the existing mortgage and roll eligible renovation costs into one short-term construction note — subject to LTV, credit, and property guidelines.
Renovation dollars are escrowed and released through construction draws, not paid out as cash at closing. You make interest-only payments during the 12-month interim period, then pay off the loan by selling the property or refinancing into permanent financing once work is complete.
Ryan and Steve compare interim refinance-and-renovate against permanent programs like HomeStyle® or Freddie Mac CHOICERenovation® refi to find the cleanest path for your timeline.
Maximum loan-to-value on rate/term refinance with renovation.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will review your equity, renovation scope, and exit strategy against Luminate Bank Interim Renovation Loan refinance guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.
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