The program is available for qualified borrowers purchasing or refinancing a primary residence, second home, or investment property. Minimum credit score requirements are generally 700 for conforming loan amounts and 720 for loan amounts above conforming limits.
The Luminate Bank Interim Renovation Loan serves owner-occupants and investors alike. Whether you are buying a fixer-upper for your primary home, renovating a vacation property, or financing a fix-and-flip on an investment property, the program is designed for borrowers who need short-term construction financing with a clear exit plan.
Eligible transactions include purchase, rate/term refinance, renovation, and fix-and-flip on investment property. Property types range from single-family and modular homes to manufactured homes (primary and second homes) and eligible 2–4 unit investment properties.
Ryan and Steve review your credit profile, occupancy, loan amount tier, and permanent financing qualification before recommending an interim construction loan.
Owner-occupants financing major renovations with plans to refinance into permanent financing or sell after completion. Purchase LTV up to 90% at conforming limits.
Vacation or secondary property renovations. Purchase and refinance LTV up to 80% on loan amounts up to $1.5 million.
Fix-and-flip and rental rehabs. Purchase and refinance LTV up to 75% on loan amounts up to $1.5 million. Licensed borrowers may perform DIY work on eligible investment properties.
700
Conforming loan amounts
Minimum credit score for loan amounts up to conforming loan limits.
720
Above conforming limits
Minimum credit score for loan amounts above conforming loan limits — up to $1.5 million first lien.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Define the short-term interest-only bridge product and how it differs from permanent renovation loans.
Escrowed funds, construction draws, interest-only payments, and exit strategies.
Financing purchase price and renovation costs in one short-term loan.
Refinancing an existing property and financing major renovations.
Full program overview, LTV grids, draw schedule, and best uses.
Compare interim construction with permanent renovation programs.
Yes. Investment properties are eligible. Qualified investors may finance the purchase or refinance of an investment property along with extensive renovation costs, subject to the program's loan-to-value and underwriting requirements.
Minimum credit score requirements are generally 700 for loan amounts up to conforming limits and 720 for loan amounts above conforming limits.
Yes. The Luminate Bank Interim Renovation Loan is available for primary residences, second homes, and investment properties.
Yes. Borrowers must qualify for the permanent financing at 1% above the market rate during the underwriting process — ensuring your exit refinance strategy is viable before the interim loan closes.
Ryan & Steve will review your credit, occupancy, and loan amount 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.