Conventional Renovation Loans For
Primary Borrowers and Investors

Fannie Mae "HomeStyle" Renovation Loan

• Rehabilitation Loan Limit: No Limit Up-to Max Loan Amount  
1Unit $621,000 - 2 Units $795,000 – 3 Units $960,950 –  4 Units: $1,194,250

• LTV: Loan To Value):  95%.Primary & 97% if First Time Homebuyer85% Investment. 
On Purchases LTV is based on lesser of A. Purchase Price plus Renovation or B. 
The (ARV) After Repair Value. On Refinances 75% LTV is loan  amount divided by (ARV) 
After Repair Value.

• Intended Use: Primary, Second Home, Investment (Purchase & Refinance)

• Credit Score: Min 620

 • Property Type: PUDS, 1-4 Units, Manufactured Home, Fannie Mae-Warrantable Condos

• Key Points: HomeStyle loans can also be used to build accessory dwelling units, like

a carriage house or garage apartment or to finish a basement for an in-law suite.

Swimming Pools and permanent landscaping allowed. You cannot use

HomeStyle to tear down and rebuild the home.

Key Advantage No Upfront PMI. 10%

Contingency reserve optional to Borrower.

Six months of loan payments can be

financed if the borrower is moving out.

Allows you to finish properties started

bybuilders that are 90% complete.

New: 50%of the material costs can be

pulled on thefirst draw. least 51%

Call or email today or use the Form provided Below to request information. No Cost or obligation.