HomeStyle® Renovation Mortgage

The HomeStyle® Renovation mortgage allows borrowers to finance repairs and home improvements into a single purchase or refinance home loan.1 The program allows for financing of improvements up to 75% of the as-completed appraised value of the property.

HomeStyle® Renovation Mortgage:

  • No limitations on the type of improvements as long as they are permanently affixed and add value to the property
  • Available with owner-occupied residences, second home, or investment properties
  • Purchase or limited cash-out refinances
  • Finance: labor and materials; architect fees, permits, licenses; up to 20% contingency reserves for unforeseen extra costs in the renovation; up to six months of mortgage payments if the property must be vacated during construction

Contact us today to learn more about the HomeStyle® Renovation Mortgage home loan program.

HomeStyle® is a registered trademark of Fannie Mae. 1Restrictions apply. A contingency reserve of 10% of the hard and soft renovation costs is required for two- to four-unit properties; the contingency reserve may be financed or the borrower may fund it separately. Program guideline information may change without notice. Please contact us for the latest program guidelines.

We'll walk you through each step of the loan process.
Contact us today to get started!