Renovation Mortgages in Ottawa
Found a Ottawa, ON home that needs work, or want to upgrade the one you own? A renovation mortgage funds the improvements at mortgage rates — no high-interest financing required.
A renovation mortgage — including Purchase Plus Improvements — lets you roll renovation costs into a single mortgage in Ottawa, qualifying based on the home's value after the work is done. It's ideal for buying a fixer-upper or upgrading your current home. Lenderoo shops 40+ lenders, free.
Why Lenderoo
Renovation Mortgages in Ottawa, done right
What you get when you work with Lenderoo for renovation mortgages in Ottawa, ON.
Qualify on after-reno value
Borrow based on what your Ottawa home will be worth once the work is complete.
One low-rate mortgage
Finance the purchase and the renovation together, at mortgage rates rather than credit-card or loan rates.
Buy fixer-uppers with confidence
Turn a home that needs work into the right home, with the budget built in.
As little as 5% down
Purchase Plus Improvements works with standard low-down-payment purchases.
How it works
Getting renovation mortgages in Ottawa
Get quotes
Provide contractor quotes for the planned Ottawa improvements.
We arrange the financing
We add the renovation cost to your mortgage based on the after-improvement appraisal.
Renovate & get funded
Funds are released once the work is verified complete — then enjoy your upgraded home.
Is this you?
Renovation Mortgages is a fit if…
- You're buying a fixer-upper in Ottawa
- You want to renovate your current home
- You'd rather finance at mortgage rates than use credit
- You have contractor quotes for the work
Why Ottawa clients choose Lenderoo
The mortgage professionals in our network know the Ottawa market — and Lenderoo brings the buying power of 40+ lenders. You get local insight plus a great rate, with someone on your side from first call to funding.
Get pre-approved in OttawaNo impact to your credit to start
Questions & answers
Renovation Mortgages in Ottawa: FAQs
Common questions about renovation mortgages in Ottawa, ON.
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Learn moreReady for renovation mortgages in Ottawa?
Apply in minutes. We'll shop 40+ lenders and match you with a top professional — free, and on your side.