Rehabilitation home loans for that perfect "Fixer Upper"

 

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Fannie Mae HomeStyle® Renovation mortgage

A home loan that covers repairs, too You don’t have to pass up a fabulous home just because it needs a little TLC. The HomeStyle Renovation mortgage combines home and renovation costs into one convenient loan. With just one closing, you’ll also spend less on loan fees. Your renovation funds are escrowed in an interest-bearing account to pay for repairs and upgrades as needed. Then when your project is complete, any remaining money will pay down your mortgage balance. Take advantage of all this loan has to offer: • Finance home construction and purchase with just one set of closing costs and fees. • Lock in your rate any time during the loan process. • Drawing renovation funds is simple with no set schedule. • Renovation financing is also available on existing homes.

Take advantage of all this loan has to offer:

  • Finance home construction and purchase with just one set of closing costs and fees.
  • Lock in your rate any time during the loan process.
  • Drawing renovation funds is simple with no set schedule.
  • Renovation financing is also available on existing homes.
  • Add an accessory Dwelling Unit during the process to increase value/add monthly income as a rental.

We also offer FHA 203K loans for additional qualifying should you need it.