Personal finance
Home renovation loans
Transform your living space with a renovation loan
Whether you're dreaming of a new kitchen, planning to add a bedroom, or wanting to completely transform your home, we can help you secure the right financing for your renovation project. At Attain Loans, we understand that home improvements are an investment in the value of your property, but more importantly your lifestyle.
Book a consultationHow renovation loans work
At Attain Loans, we specialise in finding the right renovation finance solution for your project. Our service is typically at no charge as we're paid by the lender, and these payments don't influence our recommendations.
1
Getting to know you
We're flexible to fit in with you. We can do face to face, phone, or video call meetings. We're flexible on times and can do after hours and weekend meetings by request.
2
Understanding your project
We'll discuss your renovation plans in detail, including your budget, timeline, and whether you're working with a builder or planning to DIY. This helps us determine the most suitable type of finance for your project.
3
Financial assessment
We'll review your financial position, including your current mortgage (if any), income, and expenses. This helps us determine your borrowing capacity and what repayments you can comfortably afford.
4
Loan comparison
We'll compare various financing options from our panel of lenders. This might include home loan top-ups, construction loans, personal loans, or dedicated renovation loans. We'll explain the pros and cons of each option for your situation.
5
Application and settlement
Once you've chosen the right loan, we handle all the paperwork and coordinate with lenders to ensure smooth approval and funding of your renovation project.
Financing options for your home renovations
Different renovation projects require different financing approaches. We'll help you choose the most suitable option.
Home loan top-up
- Access your home's equity
- Usually offers the lowest interest rates
- Spread the cost over your existing mortgage term
- Minimal extra paperwork
Construction loan
- Ideal for major structural renovations
- Progress payments as work is completed
- Interest-only payments during construction
- Interest-only payments during construction
Personal loan
- Quick approval for smaller projects
- No property valuation required
- Fixed terms and repayments
- Suitable for cosmetic renovations
Line of credit
- Flexible access to funds
- Draw funds as needed
- Only pay interest on what you use
- Ongoing accessibility for future projects
Improving your home
Home renovation loans fund structural changes to homes, including room additions, foundation repairs, roof replacements, and complete house remodels. These loans also cover installation or updates to core systems like electrical wiring, plumbing, HVAC units, and septic systems.
Kitchen and bathroom improvements
Kitchen and bathroom remodels represent common uses for renovation loans, covering costs for cabinets, countertops, fixtures, and appliances. The funds can also go toward finishing basements or attics, adding decks or patios, and installing new windows or doors.
Exterior improvements
Renovation loans support exterior improvements such as siding, painting, landscaping, driveways, and garage construction. The funds can pay for accessibility modifications like wheelchair ramps or stair lifts, plus energy efficiency upgrades including solar panels, insulation, and high-efficiency appliances.
Questions about home renovation loans
Get in touch and we will help you with any questions you have about financing home renovations and advise on the best strategy to suit your individual needs.
Let us help with your questionsHow much can I borrow for my renovation?
Your borrowing capacity depends on multiple factors including your income, existing mortgage, property value, and renovation plans. We'll help assess your current equity position and determine a suitable borrowing amount that aligns with your budget and repayment capacity. Most lenders will also consider the potential value increase from your renovations when determining loan amounts.
Should I refinance my existing mortgage to fund renovations?
Refinancing might be beneficial if you can secure a better interest rate or if you want to consolidate multiple debts while funding your renovation. We'll compare your current mortgage terms with available options and calculate whether refinancing would provide overall benefits. This includes considering any break costs, new loan fees, and long-term interest implications.
Do I need quotes from builders before applying?
The documentation required depends on your chosen financing method and renovation scope. Major structural renovations typically need detailed quotes, plans, and council approvals. Smaller cosmetic renovations may only require basic cost estimates. We'll advise what documentation you need based on your specific situation and chosen loan type.
How long does the loan approval process take?
The timeline varies depending on your chosen financing method. A personal loan for minor renovations might be approved within days, while a construction loan for major works could take several weeks to process. We'll provide a clear timeline based on your specific circumstances and manage the process to avoid delays.
What if my renovation costs go over budget?
It's wise to include a contingency buffer in your initial budget for unexpected costs. We can help structure your loan to include this buffer. If additional funds are needed during the renovation, we can explore options like loan top-ups or personal loans to cover the shortfall. The key is communicating any budget concerns early so we can plan accordingly.
Can I do the renovations myself?
DIY renovations are possible, but loan options might be more limited. Some lenders require licensed builders for structural work or projects over certain values. We'll explain which financing options are suitable for DIY renovations and help you understand any lender requirements or restrictions.
What happens to my mortgage during the renovation?
If you're using a construction loan or home loan top-up, your existing mortgage structure might change during renovations. This could mean interest-only payments during construction or adjusted repayment amounts. We'll explain exactly how your mortgage will be affected and help you plan for any changes to your repayments.
Will renovating increase my property value?
While most renovations add value, the amount varies depending on the type of improvements and your local market. We can provide guidance on which renovations typically offer the best return on investment and help structure your loan to maximize potential property value gains. However, it's also important to consider your lifestyle benefits alongside potential value increases.
What types of renovation add the most value?
Kitchens and bathrooms typically offer strong returns on investment, followed by additional living space and outdoor improvements. However, the best choice depends on your property type, location, and local market preferences. We can help you consider the financial implications of different renovation options when structuring your loan.
How do lenders assess renovation loan applications?
Lenders look at your income, existing debts, credit history, and property value. For major renovations, they'll also consider the project's feasibility and potential impact on property value. We'll help you prepare a strong application that addresses all lender requirements and maximizes your approval chances.
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product. The information contained in this website is of a general nature and does not take in to account your personal needs and requirements.
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Why choose Attain for your home renovation loan?
With our understanding that each renovation project is unique, we're committed to finding a finance solution perfectly tailored for your home improvements.
We're family
We are a small family owned, Altona based business that understands your needs at different stages of your life.
We listen
Identifying your goals and finding services and products that meet your needs is our number one job, and we love it!
22 years industry experience
We know the intricacies of the mortgage market and can tailor mortgage solutions for your individual needs.
We have access to the very best lenders
Over 70 of them, including the majors. We're accredited, which means we are fully trained and know all the best options available for you.
Ongoing support
Even when we've found you a great deal we undertake regular reviews to see if we can find you something even better.
We're awesome!
We have an honest, client focused business model and we aim to create long lasting relationships built on trust and respect.
Our happy customers
Financial security gives you choices. It lets you move home, learn new things, travel, or start and grow a business. When you're financially secure, you can focus on what's important. Your family, health, and personal growth.
Ian Martin
We were introduced to Chrystal and Attain Loans by a mutual colleague and we are very pleased that we were. Chrystal is an absolute finance whizz and a diamond of a lady. She is thorough, professional, patient, 'on your side', and will work her hardest to get the job done for you.We are pleased to have met Chrystal and have her setup our home loan and finances for us, and we will continue to work with Chrystal for any of our finance needs in the future.
Nichie S
Chrystal Evans, Director & Mortgage Broker at Attain was truly a lifesaver. In a stressful time where I needed assistance and some advice, Chrystal was this and more for me. Her knowledge of the banks, packages, fees etc. and advice was excellent, giving me confidence while also making everything really easy. Lastly her follow-up and communications were solid, I would highly recommend Chrystal. Also, after trying to negotiate an interest rate after coming off a fixed rate with my bank, where I was told they couldn't help me and spoke with 3 different people with wait times on the phone, I will not deal with a big bank again and only with Chrystal/Attain.
Cindy Kelly
Chrystal and Attain Loans were instrumental in assisting us to secure our dream home. Chrystal’s professionalism, knowledge and high level skills secured us the best loan for our needs. Chrystal is very thorough and assisted us through the whole process, from finding the best loan to ensuring everything was in line and ready for settlement day. We will definitely utilise Chrystal’s expertise for our next property purchase and highly recommend Chrystal and Attain Loans.
Nikola M.
Chrystal is by far the best broker I’ve met. Not only she found a great rate and conditions, she advised me on how to restructure the loans to get a better return down the road.Definitely recommend her, won’t even think of going elsewhere.
Callan Applebee
The best! Highly recommend for those lookong for people that care and honesty in financial requests for mortgae and loan services.From someone who has just begun owning land and building a home, all I can say is that Chrystal and her amazing team have held customers like myself and my wife at the forefront. We are still in the process and this company and its ideals and staff are and continue to be amazing. The trust, confidence and support model they uphold is something that all other institutions should refer to. Thank you Chrystal and your team members for everything thus far. I look forward to our continued relationship and your growth. Thank you.
will miller
Chrystal and her team are amazing to deal with extremely helpful and couldn't ask for better service. Chrystal and her team have helped us secure our first home and we have now settled. Chrystal is still working with us through every stage of the project. It's great to know that I had Chrystal on hand anytime I needed direction and advice. Thanks heaps guys from will and Zoe miller
Renee Blake
Chrystal and her team @ Attain Loans are amazing.Chrystal makes the whole process so easy and understandable.She always has her clients needs at the forefront of her mind and does everything possible to help.Not only is she an AMAZING broker with integrity, she is reliable with a client first focus.If I could score her 100 I would. The only broker for me.
Suzanne McHugh
Chrystal was fantastic, she took the time to help us urgently obtain finance after not getting any help directly from the banks. She was very informative, was able to explain all the details. We would not have been able to have a successful bid without her help.
Luke Applebee
Thanks to the incredibly hard-working team at Attain (Chrystal and Pam) we were able to settle literally days before Christmas last year in our first home.At every step of the home buying journey we were well informed and felt like our interests were always the top priority. It was a stressful time for us to keep up with the paperwork and everything however Attain did a superb job at keeping us on track (and sane). If you have no idea where to begin if you're looking at purchasing a home, I highly recommend giving Attain a call.Excellent customer service and ongoing support. We have recommended Attain to family and friends, too. Absolutely impressive team. Can't thank them enough.
Jessica Winter
Chrystal, Pam and the team at Attain loan & morgage services are the best brokers in business. They literally held our hands throughout the whole process of our home loan. And we were not easy customers! They went above and beyond to help us get the best outcome in the process of attaining our first family home. Their attitude, customer service and professionalism was second to none. Couldn't recommend this company more!They literally did all the HARD work for us and made the process stress free :) Thanks Team!!Jessica Winter
Vanessa Terekia
I have had the pleasure of working with Chrystal who helped to get my home loan approval. This women went out of her way to help me above and beyond my expectations, I was so ready to give up on a few occasions but she wasn't going to let me and I could not thank her enough for all of her efforts. I am now in my own home thanks to Chrystal and her team, I would always recommend her service, its like no other :).
Americar Auto
I've been using Attain Loans for years. Each time Chrystal has helped us get the loan through, being a small business can be tricky sometimes but Chrystal never gives up and always gets a result. I would give her a higher score if I could :)
Rebecca Smith
Excellent communication throughout entire process. Second time we have obtained finance through Chrystal and would use her again.
Jessica Joy
I cannot recommend Attain Loan & Mortgage Services enough. As a first home buyer I was nervous with very limited knowledge of how the entire loan process worked. Chrystal made it absolutely seamless and took all of the stress out for me.12 months on, they assisted me with my first re-finance and again were there for me every step of the way.I couldn't be happier and wouldn't trust anyone else!Thankyou so much!
Gary Capeling
My wife and I were in a vendor finance agreement and due to some financial hardship issues brought about by the Covid pandemic not looking like we would ever be able to get ahead. The team at Attain Loans helped steer us in the right direction to be able to finally have a mortgage of our own and also clear up our debts and hopefully repair our credit issues. I would definitely recommend them to anyone looking to just refinance or that is in a similar boat to us!10 out of 10 for these guys!
Lisa L
I recently bought a new house and usually the process can be quite stressful. Luke made everything run smooth from start to finish and got me a good rate! Highly recommend
Peter Sz
Chrystal and the team from Attain Loan & Mortgage Services, 14 Harrington Square, Altona, VIC, 3018, Were a pleasure to deal with, they provided us with great service and prompt settlement, our circumstances were delicate and they worked though the steps to help us achieve the results desired, We would highly recommend Attain Loan & Mortgage Services for all your home loan needs, Thanks for all your help Peter
Skruffy Inc
If it's a no fuss, simple process you're after - then Chrystal is your go to! As a first home buyer I was totally out of my league, everything was foreign. Chrystal quickly established a rapport and from the beginning I felt secure in her expertise and genuine interest to help me realise my goals. Whenever there were things that I wasn't quite sure about, Chrystal jumped in and took the reins without hesitation. When investing in one of the biggest purchases in your lifetime, having someone you trust at the helm is everything! Chrystal is that someone. Her easy going nature coupled with the depth of knowledge, experience and professionalism is second to none! I can't recommend her highly enough. Appreciate your support solution oriented outlook Chrystal. Thank you so much!Whakamānawatia koe, ka tika!Nāku noaTrishBrisbane, QLD
Ray Jensen
Got the job done that no one else could!!!!! Very happy customer, thanks for all your all help……