Renovation Loans · New York

Renovation Loans in New York — Purchase + Reno in One Close.

Whether you're buying a fixer in New York City, doing a gut renovation in Buffalo, or upgrading your New York home to dream-home spec — Sean Shallis structures renovation-to-permanent loans nationwide.

Finance up to 90% of after-renovation value. Single close. No HELOC needed. AI budget tracking included. Loans originated through U.S. Bank Private Wealth.

Get Your Reno BudgetBook Strategy Call
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Renovation Lending in New York

New York renovators deserve a lender who gets it.

Sean Shallis is a national renovation loan specialist backed by U.S. Bank. He structures renovation-to-permanent loans that combine your purchase and renovation into a single close — financed against what the home will be worth after the work is done, not what it looks like today.

Whether you're buying a fixer in New York City, doing a major renovation in Buffalo, or an investor doing value-add work in New York— Sean's renovation loan programs are available nationwide with the same white-glove service and AI budget tracking.

01
Plan the Reno
Tell Sean about your New York renovation vision. He structures the loan around the after-renovation value — not what the property is worth today.
02
Finance It All
One loan covers your New York purchase (or refinance) plus the full renovation budget. Funds held in escrow, released as work completes.
03
Build with AI Tracking
Project Guardian monitors your renovation spend in real time. Draw requests, change orders, budget overruns — you'll know before your contractor does.

Buy & Renovate in New York

Found a fixer in New York City or Buffalo? Finance the purchase and full renovation in one loan. No separate construction financing.

Major Home Upgrade

New York homeowners doing $100K+ renovations — kitchens, additions, full gut rehabs. Skip the HELOC and lock a single rate.

Physician Renovators

Physicians in New York upgrading to dream-home spec. Combine with physician loan benefits for maximum purchasing power.

Value-Add Investors

Investors doing value-add renovation on New York properties. Finance based on what the property will be worth after the work.

90%
After-Reno Value

Finance up to 90% of the after-renovation appraised value

1
Single Close

One loan, one closing, one rate — purchase + renovation combined

$0
HELOC Needed

No separate home equity line or construction loan required

AI
Budget Tracking

Project Guardian watches your contractor spend in real time

Sean + U.S. Bank vs. New York Alternatives

HELOCs, FHA 203k, and traditional construction loans all have trade-offs. Here's how Sean's program compares for New York renovators.

Feature
Sean + U.S. Bank
HELOC
FHA 203k
Single close (purchase + renovation)
—
Based on after-renovation value
—
No existing equity required
—
Interest-only during renovation
—
No FHA mortgage insurance
—
Renovation budget in escrow
—
No HUD consultant required
—
AI budget tracking (Project Guardian)
—
—
Works for jumbo amounts ($1M+)
—
Portfolio lender (keeps your loan)
—
—

Renovation Loans Across New York

Sean works with renovators in every New York market — and nationwide.

New York City, NY

Renovation-to-permanent loans for buyers and homeowners renovating in New York City. Finance based on after-renovation value.

Buffalo, NY

Renovation-to-permanent loans for buyers and homeowners renovating in Buffalo. Finance based on after-renovation value.

Rochester, NY

Renovation-to-permanent loans for buyers and homeowners renovating in Rochester. Finance based on after-renovation value.

Albany, NY

Renovation-to-permanent loans for buyers and homeowners renovating in Albany. Finance based on after-renovation value.

NYU Langone

Physicians and staff near NYU Langone can combine renovation loans with physician loan benefits.

NewYork-Presbyterian

Physicians and staff near NewYork-Presbyterian can combine renovation loans with physician loan benefits.

Northwell Health

Physicians and staff near Northwell Health can combine renovation loans with physician loan benefits.

Mount Sinai Health System

Physicians and staff near Mount Sinai Health System can combine renovation loans with physician loan benefits.

Renovation Loan FAQ — New York

What's the minimum renovation amount for a New York property?
The program works best for renovations of $75K or more on New York properties. For smaller projects, a HELOC or personal loan may be simpler. Sean will help you determine the right structure based on your scope of work.
How does after-renovation value work in New York?
The appraiser evaluates what your New York home will be worth after the planned renovation — based on your contractor's scope of work and local comparable sales in New York City, Buffalo, and surrounding areas. You can finance up to 90% of that future value.
What are the contractor requirements in New York?
Your contractor must be licensed in New York, insured, and provide a detailed scope of work with line-item budget. Sean's team reviews the bid to ensure it aligns with the appraisal. You can use your own contractor — no approved-list restriction.
How long does the renovation period last?
Typical renovation periods are 6-12 months, depending on scope. During this time you pay interest-only on the drawn amount. Once the reno is complete, the loan converts to your permanent mortgage automatically.
Can I combine a renovation loan with a physician loan in New York?
Yes. Physicians in New York can access renovation-to-permanent financing with physician loan benefits — including favorable DTI treatment of student loans. Sean structures these regularly for physicians at Columbia and across the state.
How is this different from an FHA 203k?
No FHA mortgage insurance premiums (saving you hundreds per month), no HUD consultant requirement, higher loan limits (jumbo-eligible), and faster processing. Sean's program is conventional — cleaner, simpler, and often cheaper long-term.
Why not just use a HELOC for my New York renovation?
A HELOC requires existing equity in your New York property, has a variable rate, and doesn't protect your renovation budget in escrow. Sean's renovation loan finances based on future value, locks your rate, and holds funds in escrow so your budget is protected.
What happens if the renovation goes over budget?
Project Guardian's AI budget tracking catches overruns early. If a change order is needed, Sean works with you to adjust. A contingency reserve (typically 10-15%) is built into the original loan to cover unexpected costs.

Ready to finance your New York renovation?

90 seconds with Rosie to get your renovation budget estimate. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.

Get Your Reno BudgetBook Strategy Call
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