Financing Your Project
Renovation Loans for New Homes
A complete guide to financing options for home remodeling in Brandon, MS. Compare loan types and find the best fit for your project and budget.
Financing a home renovation in Brandon, MS doesn't have to be overwhelming. Whether you're planning a kitchen remodel, a room addition, or a full custom home build, understanding your loan options upfront can save you thousands of dollars and help you start your project with confidence. This guide breaks down the five most common renovation financing options available to Mississippi homeowners — including pros, cons, and what each is best suited for.
At Bradley Brown Inc., we've worked with hundreds of Brandon and Rankin County area homeowners on projects of every size and budget. While we don't provide financing directly, we help you scope your project so your renovation fits your loan — and we'll connect you with lenders we trust. Call (844) 351-4154 to talk through your project and financing options.
Bradley Brown Inc. works with homeowners at all budget levels. While we don't provide financing directly, we can help you plan your project scope to fit your loan amount. Call (844) 351-4154 to discuss your project.
5 Best Renovation Loan Options for Brandon, MS Homeowners
FHA 203(k) Renovation Loan
Perfect for buying a fixer-upper or renovating your current home. FHA 203(k) loans wrap the purchase price and renovation costs into one mortgage.
- Low 3.5% down payment
- Credit scores as low as 580
- Covers most renovation types
- Available for primary residences
Best for: First-time buyers or homeowners with limited equity
Home Equity Loan (HEL)
Borrow against the equity you've built in your home at a fixed interest rate. Great for large, planned renovation projects with a defined budget.
- Fixed monthly payments
- Lump-sum disbursement
- Tax-deductible interest (consult your CPA)
- Competitive interest rates
Best for: Large remodels like kitchens, additions, or full-home renovations
Home Equity Line of Credit (HELOC)
A revolving credit line secured by your home equity. Draw funds as needed during your renovation — only pay interest on what you use.
- Flexible draw period
- Only pay interest on drawn amount
- Reusable credit line
- Ideal for phased projects
Best for: Multi-phase renovations or homeowners who want flexibility
Personal Renovation Loan
Unsecured loans that don't require home equity. Fast approval, no collateral needed — a solid option if you're early in homeownership.
- No equity required
- Fast approval (1–3 days)
- Fixed rate & term
- No risk to your home
Best for: Smaller projects or newer homeowners without built-up equity
Fannie Mae HomeStyle Loan
A conventional loan that finances both the home purchase and renovation costs. More flexible than FHA on property types.
- Covers luxury improvements
- Works on investment properties
- Competitive rates
- Higher loan limits than FHA
Best for: Higher-budget renovations or investment property upgrades
How Much Do Home Renovations Cost in Brandon, MS?
*Ranges based on typical Brandon and Rankin County area projects. Contact us for a free estimate specific to your home.
Frequently Asked Questions — Renovation Financing in Mississippi
Can I finance a renovation if I don't have equity?
Yes. Personal renovation loans (unsecured) don't require home equity. FHA 203(k) loans are also available with as little as 3.5% down for buyers. Talk to your lender about options based on your credit score and income.
How do I know how much to borrow?
We recommend getting a detailed written estimate from your contractor before applying. At Bradley Brown Inc., we provide itemized estimates so you know exactly what to finance — no surprises after you close on your loan.
Is a HELOC or home equity loan better for renovations?
It depends on your project. A HELOC is better for phased projects where you draw funds over time. A home equity loan is better for a single large project with a fixed budget, since you get all the money upfront at a fixed rate.
Do renovation loans cover labor and materials?
Most renovation loans — including FHA 203(k), HomeStyle, and home equity products — cover both labor and materials for qualifying improvements. Personal loans can be used for any purpose.
How does Bradley Brown Inc. work with financed projects?
We provide itemized written estimates compatible with most lender requirements, can communicate directly with your loan officer if needed, and ensure all work meets code so your lender's inspection goes smoothly.
Ready to Start Your Renovation?
Get a free project estimate from Bradley Brown Inc. and know exactly what to budget before you apply for financing.