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Construction worker renovates home.

Ultimate Renovation Loan1

  • Renovation of single-family home only
  • First lien2 and second lien3 loans available
  • Minimum loan amount is $25,000. Maximum loan amount based on “After Renovation”4 loan-to-value (LTV).
  • No maximum repair amount as long as the renovation costs do not exceed 75% of the "After Renovation" appraised value of the property4
  • Repairs or improvements must be permanently affixed to the property
  • Can be used on a primary residence or second home
  • Minimum of 660 FICO® credit score

Call 844-340-2574 for rates   Apply Online

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Mortgage made simple.

Our goal is to make the mortgage loan process straightforward and easy to navigate. Whether you meet with a mortgage banker face-to-face, through chat or over the phone, we’re here to help every step of the way.

Contact a Mortgage Banker

Commerce Bank NMLS#411948


  1. Commerce Bank Mortgage supports the markets and communities within our geographic regions and reserves the right to limit the geographic area in which loans will be made. Commerce does not lend in Maryland. 
  2. First lien loans up to $1,000,000 may qualify for 95% "After Renovation" loan-to-value (LTV). Loans exceeding $1,000,000 and up to $1,250,000 in value may be eligible for 90% "After Renovation" LTV. Loans exceeding $1,250,000 and up to $2,000,000 in value may be eligible for 85% "After Renovation" LTV. Loans subject to credit approval.
  3. Second lien loans up to $2,000,000 in value may qualify for 80% combined loan-to-value (CLTV) including both first and second lien loans. Loans subject to credit approval.
  4. Appraiser will determine the current value of the property plus the added value of the renovations.

Commerce Bank and Fair Isaac are not credit repair organizations as defined under federal and state law, including the Credit Repair Organizations Act. Commerce Bank and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

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