Dreaming of renovations for a new home or the one you currently own? Then the Fannie Mae HomeStyle Renovation Loan may be perfect for you! This loan allows you to finance renovations you have only dreamed about to become a reality! Individuals purchasing a home or refinancing the loan of their current home can combine the Fannie Mae HomeStyle Renovation Loan into their transaction. The best part is that the renovations will add value to your new or current home, resulting in immediate equity!
Fannie Mae HomeStyle Renovation Loan for New Home Buyers
If you come across a property you love but needs updates or additions, don’t give up on it just yet! You can finance the upgrades through this renovation loan. The loan covers a wide range of home improvement projects that can help you take advantage of a great opportunity.
Fannie Mae HomeStyle Renovation Loan for Current Homeowners
If you are interested in refinancing your mortgage and have some ideas to upgrade your home, this renovation loan would be perfect for you. This could be a great opportunity to make the renovations of your dreams a reality! The Fannie Mae HomeStyle Renovation Loan can fund the renovation projects you want to complete while combining it with the refinance transaction.
What Projects The Fannie Mae HomeStyle Renovation Loans Can Finance:
- Additions of Swimming Pools
- New Patios
- New Decks
- Landscaping Upgrades and Installations
- Kitchen Remodels
- Bathroom Remodels
- New Appliances (First Time Home Buyers Only)
- And Many More!
Properties Eligible for The Fannie Mae HomeStyle Renovation Loan
- 1-4 unit primary residence
- Manufactured homes
- 1-unit second homes
- 1-unit investment property
- Units located in PUDs, condominiums, cooperatives (if permitted), or leasehold estates
If you’d like to learn more about this great opportunity, then contact Mr Renovation today! He’ll be happy to answer your questions, discuss the renovations you have in mind, and help you with your application. He’s looking forward to hearing about your new project!