The program allows both structural and non-structural improvements, including foundation work, room additions, kitchen and bathroom remodels, roofing, plumbing, electrical upgrades, HVAC replacement, mold remediation, lead paint removal, appliance installation, and even new swimming pools.
The Luminate Bank Interim Renovation Loan is built for projects with at least $50,000 in eligible repairs — not light cosmetic work. Structural and non-structural improvements can both be financed when they meet program guidelines, including remediation, systems upgrades, and amenity additions like new swimming pools.
Beyond labor and materials, eligible costs can include draw inspections, final inspection (1004D), title update fees, permit fees, contingency reserve, construction management fee, and interest reserve. Contingency reserve is not required by the matrix, but may still be financed when included.
Ryan and Steve help you build a renovation budget that underwriting can support — then map draw timing so contractors get paid as work is inspected and approved.
Common scopes the interim construction program can finance when guidelines are met.
Structural repairs, foundation work, and major framing or load-bearing changes that many lighter renovation products restrict.
Kitchen and bathroom remodels, room additions, appliance replacement, and interior finish upgrades.
Roofing, plumbing, electrical upgrades, HVAC replacement, and related exterior repairs tied to the renovation plan.
Mold remediation, lead paint removal, and new swimming pool construction — plus tear-down/rebuild when the project calls for it.
| Cost category | Eligible? |
|---|---|
| Labor and materials | Yes |
| Draw inspections & final inspection (1004D) | Yes |
| Title update & permit fees | Yes |
| Contingency reserve | May be included (not required) |
| Construction management fee | Yes |
| Interest reserve | May be financed |
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Renovation/Fix & Flip is an eligible use for investor projects.
Investment property eligibility, LTV, and underwriting for investor borrowers.
Single-family, modular, manufactured, and 2–4 unit investment properties.
Tear-down and rebuild projects allowed under this interim program.
Full program overview, LTV grids, draw schedule, and best uses.
Compare interim construction with permanent renovation programs.
The program allows both structural and non-structural improvements, including foundation work, room additions, kitchen and bathroom remodels, roofing, plumbing, electrical upgrades, HVAC replacement, mold remediation, lead paint removal, appliance installation, and even new swimming pools.
Yes. The program requires a minimum of $50,000 in eligible renovation costs. There is no maximum repair amount listed in the matrix.
Eligible renovation costs can include labor and materials, draw inspections, final inspection (1004D), title update fees, permit fees, contingency reserve, construction management fee, and interest reserve.
Yes. New swimming pool construction is an eligible improvement under this program.
Ryan & Steve will compare your bid, eligible costs, and draw plan against Luminate Bank Interim Renovation Loan guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.