Fannie Mae HomeStyle® Renovation Loans

Does the home you own or are interested in buying need repairs or upgrades?
Exhausting your savings or applying for a 2nd mortgage with a higher or adjustable interest rate are not your only options.

Allow us to introduce you to the HomeStyle® Renovation Mortgage – brought to you by Fannie Mae

Product Overview

    The HomeStyle Renovation is a single-close loan that enables borrowers to purchase a home that needs repairs, or refinance the mortgage on their existing home and include the necessary funds for renovation in the loan balance. The loan amount is based on the “as-completed” value of the home rather than the present value.

    Benefits of a Fannie Mae HomeStyle® mortgage can include:
    • Loans can be for a purchase or refinance
    • As little as 5% down
    • No minimum repair amount
    • 1-4-unit primary residences are eligible. 1-Unit second homes and 1-unit investment properties may also qualify
    • Both cosmetic and structural renovations allowed
    • Can be used for Mold/Lead Paint Removal
    • Improvements can include additions, swimming pool installation/repairs, foundation work, and more!

    Call us today to learn more!