Fannie Mae’s HomeStyle Loan

The Fannie Mae HomeStyle loan is a robust program that can help homebuyers fix up a new home with just one loan. It is a flexible option with many great benefits like allowing financing for major or luxury items, and can be used on a wide range of property types.


Is It Right for You?

An excellent choice for first-time homebuyers, seasoned homeowners, and investors with good credit, stable job and income history who are looking to make renovations or upgrades to suit their needs.


Is It Right for Your Situation?

Primary residence, second homes and investment properties, single family and 2-4 unit properties, condos and townhomes, Planned Unit Developments (PUDs); loan amounts up to $453,100 or based on County High Balance Limits.


Features and Benefits

  1. Finance up to 50% of the property’s future value for renovations and repairs
  2. Flexible renovations projects allowed (incl. structural, cosmetic and mechanical)
  3. Down payment as low as 5%
  4. Fixed rate options: Terms range from 10-30 years
  5. Adjustable Rate Mortgage (ARM) Programs: 3/1, 5/1, and 7/1


When that new home needs a pool, an outdoor living area or you want to create your sanctuary with the perfect bedroom, look into the Fannie Mae HomeStyle loan. Be sure to check out the What Loan is Right for Me page as it highlights the HomeStyle loan along with other construction and renovation solutions.

Ready to get expert advice and determine what works best for your personal situation? Contact one of our local, caring mortgage professionals at a Mortgage Center Near You.