USDA RENOVATION LOAN
Where Trust Meets Home.
USDA
RENOVATION
LOAN
HELPING YOU MAKE A HOUSE YOUR HOME
With the USDA Renovation loan program, you may be able to purchase a home in a USDA-eligible rural area with as little as zero down payment!
Plus, since it's a program designed to assist with renovations, you can bundle the cost of repairs or upgrades into the same loan. This gives you a simple and lower-cost way to make the changes that will turn a house into your home.
Program Highlights
Purchase existing dwelling
Customize improvements
One loan closing
Funds to purchase and rehabilitate
100% financing available
Maximum loan: 100% of “As Improved” appraised value
Upfront guarantee fee may exceed “As Improved” value
No future loan amount changes or re-amortization
Key Benefits
Correct dwelling deficiencies
Revitalize existing housing stock
Retain personal reserves post-closing
Eligible Loan Costs:
Interior Improvements:
Modernize kitchens, bathrooms, flooring
Add accessible features for disabilities
Additions, structural alterations, reconstruction
Energy efficiency upgrades
Exterior & Safety Repairs:
Install/repair septic systems and water wells
Remove safety/health hazards
Repair existing amenities (e.g., pools, saunas, accessory units)
Repair Types & Limits
Non-Structural Repairs:
Finance up to $35,000
No minimum repair cost
Must be habitable
Contingency reserves:
10% if utilities
15% if utilities OFF
Structural Repairs:
Finance above $35,000
Requires certified inspector and full inspections
PITI reserves up to 6 months if dwelling uninhabitable
Contingency reserves:
10% if utilities ON
15% if utilities OFF
Loan Types
Limited Renovation Loan
For non-structural repairs (≤ $35,000)
Standard Renovation Loan
For structural repairs or high-cost improvements
Loan Types
Limited Renovation Loan
For non-structural repairs (≤ $35,000)
Standard Renovation Loan
For structural repairs or high-cost improvements
Eligibility
Single-family primary residences only
Must be in USDA-approved rural areas
Eligibility
Single-family primary residences only
Must be in USDA-approved rural areas
Ready to Make a Move?
Let’s talk about your next chapter — whether it's finding your dream home, selling a property, or investing in your future.
Buying or selling a home is more than a transaction — it’s a life-changing experience. At Covenant Realty, we treat it that way.
We’re not just helping you find a house — we’re helping you find home.
We've been helping customers afford the home of their dreams for many years and we love what we do.
NMLS# 2020290
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Georgia Residential Mortgage Licensee #GA 73506 | FL MBR4739 | AL 23019