HomeStyle Renovation funds may be disbursed via a wire transfer when certain requirements are met.
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Give borrowers the option to renovate and rehab a new or existing home by including financing in their conventional purchase or refinance home loan. LTV is calculated taking the proposed project into account, giving borrowers more purchasing power and more options to make their home their own.
HomeStyle Renovation can make the difference between a house and a dream home, or a house that’s desperately in need of repairs and a home that’s habitable.
HomeStyle Renovation loans are:
Combine HomeStyle Renovation with other Fannie Mae offerings to give borrowers more benefits:
Deliver renovation loans prior to project completion by becoming an approved HomeStyle Renovation lender. Get started by completing form 1000A or contact your Fannie Mae customer account team to learn more.
*Delivering loans post-completion does not require special approval.
*For manufactured housing, the eligible renovation funds capped at the lesser of $50,000 or 50% of the "as-completed" appraised value.