FINANCING OPTIONS FOR YOUR PROPERTY'S RENOVATIONS AND IMPROVEMENTS
At Pegasus Construction, we know that transforming your home is a big decision—emotionally and financially. That’s why we’ve partnered with trusted financing providers to make the process easier. Whether you’re planning a custom addition, a major remodel, or a full-home renovation, we offer flexible options including Personal Loan, Conventional Construction Mortgages, and HELOCs. No matter your goals, our financing solutions are designed to help you move forward with confidence.
FINANCING
Even with rising construction and housing costs, it’s still possible to create the home you’ve always wanted. At Pegasus Construction, we make it easier to finance and build your vision—enhancing comfort, curb appeal, and long-term value. Let us show you how to make it happen with our trusted Chicago-based design-build services.
PARTNERS
BORROW MORE
Our financing partners will help you to borrow more for your remodeling construction projects.
LOWEST RATES
Borrowings will be available at the lowest rates to ensure cost-effectiveness for your project.
LOWEST TERMS
In addition to attractive interest rates, our partners provide the longest terms in the industry.
MORE SAVINGS
We help you save more with our financing partners, as they have funded more than $1 billion.
FINANCE YOUR RENOVATION PROJECT
More and more homeowners are using financing to move forward with their remodeling projects—without putting plans on hold. At Pegasus Construction, we partner with reputable lenders to offer financing options that help qualified clients move forward with confidence.
Renovation Loan Programs
All About the Benifits of Each Program
RenoFi HELOC
Flexible Draw Period
Draw funds as needed and pay interest only on what you use.
No Refinance Needed
Keep your existing mortgage in place—no need to refinance.
Future Value Based
Qualify for a larger loan using your home’s projected value.
Renovation-Focused
Built specifically for home improvement and remodeling projects.
RenoFi Home Equity Loan (20 Years)
A fixed-rate loan designed for renovations, using your post-renovation home value to unlock more funding power.
Fixed Monthly Payments
Enjoy predictable budgeting with a consistent interest rate.
Future Value Based
Borrow more by leveraging your home’s after-renovation value.
No Mortgage Change
Maintain your current mortgage without refinancing.
Long-Term Affordability
Repay over 20 years with manageable monthly costs.
Construction Loan (30 Years)
A long-term loan built for ground-up builds or major remodels, with funds disbursed as your project progresses.
Large Project Ready
Great for new builds, additions, or full home renovations.
Interest-Only Phase
Lower payments during the construction timeline.
Permanent Conversion
Converts to a standard 30-year mortgage after completion.
Draw-Based Funding
Funds are released in stages aligned with project progress.
Fannie Mae HomeStyle (30 Years)
A conventional loan that combines home purchase (or refinance) and renovation costs into one affordable mortgage.
All-in-One Loan
Bundle purchase/refinance and renovation into one mortgage.
Low Down Payment
Finance up to 95% of the improved home value.
Conventional Terms
Enjoy long-term, fixed-rate payments over 30 years.
Wide Project Range
Covers everything from minor upgrades to major remodels.
FHA 203k Loan (30 Years)
A government-backed loan that finances both the purchase and renovation of a home with a low down payment.
Low Credit Flex
Designed for buyers with limited credit history or scores.
Low Down Payment
Get started with just 3.5% down on your total loan.
One Simple Loan
Combines purchase and renovation into one FHA-backed mortgage.
Government-Backed Safety
Offers extra protection for both homeowners and lenders.
Standard HELOC
Flexible Credit Access
Borrow, repay, and reuse funds as needed.
Interest-Only Draws
Lower monthly costs during the borrowing period.
Keep Your Mortgage
Tap into equity without touching your current mortgage.
Adjustable Rate Option
Start with a low rate that adjusts with the market.
Standard Home Equity Loan (20 Years)
A fixed-rate second mortgage that provides a lump-sum payout, ideal for covering larger renovation costs upfront.
One-Time Payout
Receive your entire loan amount upfront for immediate use.
Fixed Rate Terms
Lock in stable monthly payments for budgeting ease.
Second Mortgage Option
Leave your primary mortgage unchanged.
Extended Repayment
Stretch payments over 20 years to lower your monthly burden.
Personal Loan (20 Years)
An unsecured loan option that doesn’t require home equity, perfect for fast funding and flexible renovation needs.
No Equity Needed
Qualify based on your credit, not your home’s value.
Fast Approval Process
Quick funding helps get your renovation started sooner.
Fixed Monthly Terms
Repay over 20 years with steady, predictable payments.
Unsecured Loan Option
No lien on your property—your home stays untouched.
Check Out Our Preferred Lending Partners
Mortgage Loan Officers
PRODUCTS OFFERED
Construction Loan | Fannie Mae HomeStyle | Standard HELOC | Standard HELoan
PRODUCTS OFFERED
Construction Loan | Standard HELOC | Standard HELoan
PRODUCTS OFFERED
FHA 203K | Fannie Mae HomeStyle | Standard HELOC | Standard HELoan
RenoFi Home Equity
Personal Loans
Why wait? Use our easy financing calculator to estimate monthly payments and explore what fits your budget. It’s a quick way to plan your project confidently—before you even apply for a loan.
Frequently Asked Questions
We offer a range of financing options including Personal Loans, Home Equity Lines of Credit (HELOCs), and Conventional Construction Loans through our trusted lending partners. We'll help you find the option that best fits your budget and project scope.
Qualification depends on several factors including your credit score, income, and the amount of equity in your home. Our lending partners will walk you through a simple pre-approval process to see what you qualify for—often without impacting your credit score.
Yes! Financing is available for all types of remodeling work, including kitchens, bathrooms, additions, basement renovations, and full home makeovers.
In most cases, yes. Ownership is required for HELOCs and most construction loans. However, personal loans may be available for other qualified applicants.
Approval timelines vary by lender, but many clients receive a decision within 24–72 hours. Once approved, funds can typically be made available within a few days.
Yes. Many of our clients use financing options like a HELOC or second mortgage alongside their existing mortgage. We also offer personal loans that don’t use your home as collateral—ideal for clients who want flexibility without tapping into their home equity. We’ll help you choose the structure that best fits your financial goals.
