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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


  • 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.