Renovate, repair or improve a home with a HomeStyle® Renovation loan.
What is HomeStyle® Renovation?
HomeStyle® combines home purchase or refinance with home improvement financing in one loan with one closing. HomeStyle® loans let you customize a home to your liking or make needed repairs as long as they are permanent to the property and add value.
What are the Benefits of a HomeStyle® Renovation Loan?
-
Cost effective way to renovate or improve a property
-
Make renovations, repairs or improvements totaling up to 50% of the as-completed value of property with first mortgage.
-
No minimum renovation amount
-
Fixed and adjustable rate options
- Private mortgage insurance
HomeStyle® Renovation Eligible Properties
- 1-4 family primary residences
- Second homes
- 1-unit investment property
- Log homes
Michele Fritz 