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!
Latest Blog Post
Renovation Lending Event For Realtors: 10/13/2021
Having Trouble Getting FHA, RD, and VA Offers Accepted?
Your Clients Have Options!
- Do you have Sellers not willing or unable to do repairs?
- Are your Buyers frustrated with Cash/Conventional only listings?
- Unsure about accepting renovation financing offers in this sensitive market?