You love the house, but it needs some upgrades. Why not consider a renovation loan? They are quickly becoming a popular way to turn your current place into your dream home. HomeStyle Renovation gives you the options to make repairs or remodel within a single conventional first mortgage, rather than through seconds or HELOCs. HomeStyle can also be used for purchases.
- Competitive pricing
- Purchase or rate and term refinance
- Covers almost all renovations completed within 12 months of closing
- Great for contracts with repair contingencies
- Upfront draws to start projects minimize out-of-pocket costs
ELIGIBLE PROPERTIES INCLUDE
- 1 to 4-unit primary residences
- Manufactured homes
- 1-unit second homes
- 1-unit investment properties
- Planned unit developments (PUDs)
- Warrantable condominiums
Program available only to qualified borrowers. Program subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. HomeStyle® is a registered trademark of Fannie Mae.