Homestyle Renovation Loan
Turn the house you like into the home you LOVE!
The Fannie Mae Homestyle® Renovation loan was designed for those who would like to purchase a home and fix it up or for homeowners who want to remodel their current home all in one loan. There are few restrictions and it’s also available for investment properties and second home purchases. A minimum of 5% down payment is required for a primary, single-family home. Second homes require 10% down and for the investor out there a minimum of 20% down.
Example renovation:
- Kitchen Remodels
- Bathroom renovations
- Room additions
- Swimming pools and spas
- Landscaping
- Flooring
- Finishing off a basement
- New roof, furnace, AC
- And More!
Learn More Renovation Loan Process
Latest Blog Post
FHA vs Conventional Loan for First Time Buyer in Portage MI: Your 2026 Flight Plan
What if the traditional advice you’ve heard about down payments is actually the very thing keeping your homeownership dreams grounded? Deciding between an FHA vs conventional loan for first time buyer in Portage MI often feels like preparing for a high-stakes takeoff. It’s completely natural to feel a bit of turbulence when you’re staring down credit requirements or confusing mortgage insurance terms. You want to ensure your financial foundation is secure before you leave the runway, yet the fear of rejection can make the whole process feel like a gamble rather than a significant life milestone.
We believe every neighbor deserves a clear flight plan that replaces anxiety with expert guidance. In this detailed comparison, you’ll discover which mortgage path provides the smoothest ascent for your specific situation in the 2026 market. We’ll break down the latest loan limits, compare monthly costs, and show you how to layer MSHDA assistance to give your down payment some extra lift. By the time we finish, you’ll have the confidence to choose the right loan and successfully pilot your way to a new front door in Portage.