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The Fannie Mae HomeStyle Renovation Mortgage was created to help consumers purchase homes that need work from the very beginning. With this type of mortgage, buyers can bundle the costs of purchasing a home with the expense of remodeling and make a single monthly mortgage payment.
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HomeStyle loans finance the purchase and renovation of an owner-occupied primary residence between 1 – 4 units. Further, HomeStyle loans can be useful for investors searching for a 1 unit second home or investment property. If these loans aren’t right for you, it’s best to check out a hard money loan alternative, like LendingHome.
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Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA.Homestyle Loans in Sunset Hills neighborhood in Dallas, TX Home Loans In Riesel, Texas These are the best places to work for in the housing space – At Quicken Loans 91% of its employees say it’s a great place to work.
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