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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

Homeownership Special: MSHDA Maximum Sales Price Limit Increase Incoming!!

Exciting news for Michigan homebuyers! The State Senate has passed House Bill 5032, which will significantly increase the maximum sales price limit for MSHDA home loan programs.

What Does This Mean?
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