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Chad Kurtz headshot

Chad Kurtz

Branch Manager
Movement Mortgage
NMLS ID # 223253
9450 Two Notch Rd, Columbia, SC 29223
Dial Phone Number
p: (803) 466-1448
f: (803) 753-8530
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I want to buy a house that needs some repairs.

Renovation Loans for Buyers and Investors


Not only can a renovation loan from Movement Mortgage help you turn a place with potential into the home of your dreams, it could also save your approval.

How? If you’re having difficulty getting approved for a loan on a place that needs improvement, a renovation loan may help. Movement offers several renovation loans created to cover the property, plus minor or major repairs.


FHA 203(k) Standard & Limited
Movement requires a minimum 620 credit score on all FHA loans Minimum reno amount of $5,000 required, no maximum amount 203k self-help and contractors related to the borrower are not allowed Manufactured and on-frame modular homes are not allowed

203k Standard covers many “major” repairs, such as structural repairs, moving or altering a load-bearing wall, or even knocking the house down to rebuild it as long as you leave part of the existing foundation in tact.

203k Limited covers a max of $35,000 toward repairs. This loan type is intended for less intensive changes or updates such as roof repair, replacement of HVAC, flooring or minor remodeling work.

HomeStyle® Renovation Mortgage
Include renovation costs in one loan to purchase or refinance. No minimum renovation cost required Maximum renovation cost is 75% of the “as completed” appraised value of the property

HomeStyle® for Investors
An investment-specific loan covering single unit properties with all renovation work allowed, including luxury additions, and a minimum downpayment of 15%. Investment property purchases go up to 85% LTV with optimal FICO at 620 or above.

A renovation loan by Movement can restore your homeownership dream AND let you make the home your own. Let us show you how.

USDA Renovation Loan

No down payment required* Available for homes in designated rural areas** Finance up to $75,000 for upgrades and repairs***

For non-structural work, covers up to $35,000. This is intended for things such as kitchen upgrades, HVAC replacement, rewiring and re-plumbing.

For structural work, covers $35,000 - $75,000. These include things like foundation work and major roof repairs.

*For qualified borrowers only. **Property must be located in a Designated Rural Area. **Borrower’s Household Income must not exceed the adjusted annual income threshold. Borrower may only own one other single family housing unit. Borrower must meet all additional requirements of USDA financing.

Chad Kurtz headshot
Chad Kurtz
Branch Manager
Wondering how much home you can afford? Let’s talk about your next move!
9450 Two Notch Rd, Columbia, SC 29223
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NMLS # 223253

State License #FL-LO112610, GA-223253, NC-I-219050, SC-MLO-223253, TN-223253