Renovate Your Home

There are several loan options available to finance your home renovations. Some of the most common are a home equity loan, a home equity line of credit, an FHA 203(k) loan and a HomeStyle® Renovation Loan. Your Sunflower Bank mortgage professional can walk you through these and other financing options to help you turn your house into your dream home.

Find a Local Loan Expert about What types of loans are available for home renovations?

In simple terms, a HELOC works like a credit card – a credit card secured by your home. Lenders approve you for a specific amount of credit, but you are not required to borrow up to the limit of your credit line. A HELOC works well if you need greater flexibility and the ability to choose when and how much you will borrow. 

Home equity loans are one-time, non-renewable loans where funds are supplied upfront in a lump sum. This is ideal for home renovations where you know the total cost and want the stability of a fixed interest rate and fixed monthly payments. Learn More about What’s the difference between a Home Equity Loan and a Home Equity Line Of Credit (HELOC)?

The scope of eligible renovations varies based on the type of loan you take out. In general, a loan is available to help with everything from remodeling your kitchen or bath to adding a new room. Finding the loan that best fits your project and financial goals is key. Talk with a Sunflower Bank mortgage professional to determine your best option.

This depends on the type of loan. You receive funds in one lump sum with a home equity loan, but with a HomeStyle® Renovation loan, funds are dispersed throughout the project to ensure renovations are completed as planned.