HomePath | Renovation Loan by Fannie Mae

Finding the right home and financing can be a challenge these days. We can help!

The terms you need and want plus funding for renovation!

•  Low down payment and flexible mortgage terms (fixed-rate and adjustable rate)
•  Your client may qualify even with less-than-perfect credit
•  Owner Occupants, Investors and Second Homes
•  Down payment (at least 3 percent) can be funded by buyer’s savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
•  No mortgage insurance (ask for more details on loans without mortgage insurance)
•  Renovation cost may be financed into the loan up to 50% of the “as-completed” appraise value
•  Fund both purchase of the property and light renovation
•  Renovations available to owner-occupants, Investors and Second Homes

FNMA HomeStyle Renovation

Finding the right home and financing can be a challenge these days... We can help!

•  Affordable option to renovate or improve a home
•  Value efficiency saving money and time
•  Funds for any repairs or renovations that are permanent to the property and add value
•  Flexible offering for purchase and refinance
•  Streamlined documentation
•  Primary, second home and investment
•  Max renovation costs 35% of the ‘as-completed’ appraise value – higher percentage on exception basis