Rehab loans exist in every major channel, and qualifying looks a lot like a standard purchase loan. The lineup: conventional through Fannie Mae's HomeStyle Renovation, FHA through the 203k program, and a VA renovation loan for eligible veterans, though relatively few lenders offer the VA version. Each lets you finance the purchase price and the cost of the work in one loan based on the as-completed value. Qualifying carries over from regular lending. These loans still sit under the Fannie Mae, Freddie Mac, FHA, or VA umbrella, so the income, credit, and debt-to-income guidelines you would meet on a standard loan largely apply. Underwriting runs a bit tighter, because the lender is also evaluating the scope of work, the contractor, and the after-improved value. The main constraints are on the renovation itself. Each program limits how much work and what types of work are allowed, so the specific project matters, and program requirements change, so confirm the current rules. A large renovation budget relative to the purchase price is workable as long as you qualify for the underlying loan amount and the scope fits the program. If you want to see which channel fits your project, that is exactly what we map out on a free Roadmap conversation (about 20 minutes) where we run your real numbers.