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
Stuck Saving For Down Payment?
Are you looking to buy a home in Michigan but feeling stuck trying to save for a down payment?
Huge news just dropped that could put $10,000 in your pocket and unlock your dream home. Effective June 1st, 2026, the Michigan State Housing Development Authority (MSHDA) is officially raising its income limits for down payment assistance programs. Updated Income Limits By County
If you thought you made too much money to get help buying a home, it is time to think again. The rules just changed, and more Michigan families now qualify for a massive boost in purchasing power.
Here is how you can cash in on these new changes this summer.
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