One lender is giving borrowers more paths to their ideal home using a HomeStyle® Renovation mortgage. | Fannie Mae
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One lender is giving borrowers more paths to their ideal home using a HomeStyle® Renovation mortgage. | Fannie Mae
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Give borrowers a convenient and affordable option to bundle home renovations into their mortgage. | Fannie Mae
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Give borrowers a convenient and affordable option to bundle home renovations into their mortgage. | Fannie Mae
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This was 2022… and most people still don’t know this exists. The Fannie Mae HomeStyle Renovation Loan lets you finance the purchase AND the renovation in one loan — based on the after-repair value. Meaning you can buy the worst house on the block and turn it into the best one… without paying for the renovation out of pocket. Even better, you can use it on multi-family properties and house hack while forcing equity. Important update: Back when I recorded this, multi-family required 15–20% down. G
0:42
This was 2022… and most people still don’t know this exists. The Fannie Mae HomeStyle Renovation Loan lets you finance the purchase AND the renovation in one loan — based on the after-repair value. Meaning you can buy the worst house on the block and turn it into the best one… without paying for the renovation out of pocket. Even better, you can use it on multi-family properties and house hack while forcing equity. Important update: Back when I recorded this, multi-family required 15–20% down. G
81 views2 months ago
FacebookMatthew Garland
Fannie Mae HomeStyle Renovation Loan: Everything You Need to Know | loanDepot
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Fannie Mae HomeStyle Renovation Loan: Everything You Need to Know | loanDepot
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Reggie Graham on Instagram: "Stop letting renovation costs derail your fixer-upper dreams! This breakdown reveals how conventional renovation loans—Fannie Mae HomeStyle®, Freddie Mac CHOICERenovation®, and the efficient **Choice Reno Express**—can wrap necessary upgrades into a single mortgage based on your home's *projected* post-completion value. The Reno Express system offers incredible peace of mind, often coordinating contractors and handling payouts when you shop at major big-box stores! T
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