Mortgages Featuring Renovation Financing:

Here are some mortgage options that include renovation financing:

1. **FHA 203(k) Loan**: This government-backed loan allows borrowers to finance the purchase of a home and include the costs of renovations in a single mortgage. There are two types: the Standard 203(k) for major renovations and the Limited 203(k) for minor repairs.

 2. **Fannie Mae HomeStyle Renovation Loan**: This conventional loan allows homeowners to finance both the purchase or refinance of a home and the costs of renovations. It can be used for various purposes, including repairs, remodeling, and energy-efficient upgrades.

3. **Freddie Mac CHOICERenovation Loan**: Similar to the HomeStyle loan, this option allows borrowers to finance renovations as part of their mortgage. It can be used for a wide range of improvements and upgrades. 

 4. **VA Renovation Loan**: While not as commonly available, some lenders offer renovation financing options for VA loans, allowing eligible veterans to finance home improvements along with their mortgage. 

 5. **Home Equity Line of Credit (HELOC)**: While not a traditional mortgage, a HELOC can be used for renovation financing. Homeowners can borrow against their home equity to fund renovations, allowing flexibility in terms of withdrawal and repayment. 

 6. **Home Equity Loan**: Similar to a HELOC, a home equity loan allows homeowners to borrow a lump sum against their home equity for renovations. This option typically comes with fixed interest rates. These mortgage options enable homeowners to finance home improvements and renovations, making it easier to create their desired living space.