HomeStyle Renovation Loan

Fannie Mae’s HomeStyle Renovation program allows you to include the cost of upgrades and repairs in your mortgage when you purchase or refinance your home.

Financing for a Fixer-Upper

With a HomeStyle Renovation loan, you can finance enough repairs and improvements to potentially double the value of a property.

You aren’t just looking for a home — you’re looking for an opportunity to take a little piece of the world and truly make it your own. You know that all it takes to live where you want, in a home you love, at a price that’s right, is some hard work and imagination.

Bring Out Any Property’s Potential

You could purchase and renovate a primary residence for as little as 5% down.

Fannie Mae’s new program offers one of the most versatile renovation loans available. It can be used to purchase or refinance second homes and investment properties as well as primary residences, and almost any permanent, value-adding renovation work is eligible for financing.

Is a HomeStyle Renovation Loan right for you?

Speak with one of our experienced senior loan officers today about your loan options.

Choosing the Right Loan

Scenario 1

On the first day Lisette went looking for a home to settle down in, she fell in love with a beautiful old house with a big yard in a quiet neighborhood. The trouble was, the interior of the house was in serious disrepair after a long period of neglect. Lisette kept searching, but she always found herself coming back to that first old house. Finally, she heard about the HomeStyle Renovation program, and she resolved to restore the house and make it her home.

Eligible Repairs and Improvements

There are few limitations on the type of renovation work that can be financed through this program. Look at all the possibilities:

  • Structural repairs or renovation
  • New room or garage additions
  • Bathroom and kitchen remodeling
  • Appliances, plumbing and HVAC systems
  • Decks, patios, pools and landscaping
  • New flooring, siding, and roofing
  • Energy-conservation improvements
  • Luxury-item installation