Renovation Mortgages in Ontario
Found a Ontario 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 Ontario, 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 Ontario, done right
What you get when you work with Lenderoo for renovation mortgages in Ontario.
Qualify on after-reno value
Borrow based on what your Ontario 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 Ontario
Get quotes
Provide contractor quotes for the planned Ontario 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 Ontario
- 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 Ontario clients choose Lenderoo
The mortgage professionals in our network know the Ontario 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 OntarioNo impact to your credit to start
Questions & answers
Renovation Mortgages in Ontario: FAQs
Common questions about renovation mortgages in Ontario.
More in Ontario
Related mortgage services
First-Time Home Buyers in Ontario
Buy your first home in Ontario with as little as 5% down — and a pro who guides you the whole way.
Learn moreHELOCs in Ontario
Flexible, revolving access to your Ontario home's equity — borrow only what you use.
Learn moreRefinancing in Ontario
Lower your rate or unlock your equity in Ontario — we compare 40+ lenders.
Learn moreReady for renovation mortgages in Ontario?
Apply in minutes. We'll shop 40+ lenders and match you with a top professional — free, and on your side.