UIF Renovation Financing
Halal Home Financing in Texas
Combines your home purchase and renovation costs into one Shariah-compliant contract — buy a fixer-upper and finance the improvements together, with up to 5 draws as work is completed.
UIF offers halal renovation financing using a Musharakah structure in 9 states. It combines home purchase and renovation costs into one Shariah-compliant contract with up to 5 draws as work completes, on 15- or 30-year fixed terms. Best suited for: Fixer-uppers & renovation projects.
Pros
- Purchase and renovation costs combined in one halal contract
- Uses Musharakah — a recognized Shariah-compliant structure
- Financing up to 75% of combined purchase + renovation value
Cons
- Not eligible: self-builds, full tear-downs, or projects making the home uninhabitable for more than 30 days
- Cost overruns beyond the contingency reserve are the buyer's responsibility
- $1,975 supplemental origination fee (though it can be financed)
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Product Details
Structure
Musharakah
Terms
15 years, 30 years
Features
Purchase + renovation in one halal contract, Up to 5 renovation draws (4 interim + 1 final), Fixed-rate only, No processing fee, Supplemental origination fee of $1,975 (can be included in the financing), Feasibility study required for major repairs or projects over $35k, Eligible: 1–2 unit primary residences and 1-unit second homes, Licensed contractor of your choice — bids and plans reviewed and approved before closing
Min Credit Score
660
UIF in Texas
With Texas's median home price at ~$338,000 (FHFA/Zillow, 2025), UIF's Musharakah structure provides a halal path to homeownership. A typical 20% down payment in Texas would be ~$67,600. Median household income in Texas is $75,780 (98% of the national median — U.S. Census Bureau, 2023 ACS), which shapes the price-to-income ratio families should factor into any halal home-financing decision. Texas is home to an estimated ~313K Muslims (1.1% of the population) (World Population Review, 2020 estimates). UIF serves 9 states, including Texas.
Shariah Compliance & Oversight
Operates as a dedicated Islamic finance provider whose activities are overseen by a formal, independent Sharia Supervisory Board and aligned with recognized Islamic finance standards.
Sharia Supervisory Board chaired by Sheikh Nizam Yaquby. Board reviews/approves UIF programs; fatwas + audits published.
2026-07-10
Get a Quote — UIF
Visit UIF's website to get current terms, check eligibility for Texas, and get started today.
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Compare With Other Options in Texas
32 other home financing products available to Texas residents
Declining Balance Co-Ownership · 35 states
A-Grade
Halal Mortgage Estimate — Texas
Estimate your monthly payment with a halal financing structure
Monthly
$2,023
Total Cost
$728,142
Total Profit
$408,142
Estimate only. Actual terms vary by provider.
Full CalculatorFrequently Asked Questions
What is UIF Renovation Financing?
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Is UIF Renovation Financing available in Texas?
What Shariah oversight does UIF have?
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Is Texas a community property state for Islamic estate planning?
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Explore All Home Financing in Texas
Compare every home financing option side-by-side with filters, ratings, and Shariah oversight details.
Reviewed monthly and updated when product availability or terms change.
Co-Founder & CEO, HalalWallet
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider — their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.