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How to Use a VA Renovation Loan for a Fixer-Upper

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Using a VA renovation loan for a fixer-upper means you can wrap the cost of repairs into your mortgage without needing a separate loan. You'll work with a VA-approved lender who'll appraise the home's future value after renovations. Then, you'll get a contractor to bid on the work, and the lender will release funds as repairs are completed. We used this for a kitchen and bathroom remodel, and the process was straightforward as long as we stayed within the contractor's timeline.