Updating a Home With a Fannie Mae HomeStyle® Renovation Mortgage. » Mortgage Masters Group

Updating a Home With a Fannie Mae HomeStyle Renovation Mortgage.. Updating a Home With a Fannie Mae HomeStyle Renovation Mortgage. Posted by Mortgage Masters Group at 1:38 PM No comments: Email This BlogThis!. Mortgage Masters Group NMLS Branch ID#: 373290 Phone 772-340-4003 Email doug.

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You may reduce your energy costs as well as increase your property’s value all with one loan. You might be surprised to see how much even the small energy efficient changes affect your home’s value. The Fannie Mae HomeStyle Energy Mortgage is a great way to make changes to your home’s energy efficiency.

Depending on credit score history and other factors, two main types of renovation loans are available; the FHA 203k and Fannie Mae HomeStyle loan. F&B Financial Group also offers a proprietary loan program specifically for primary residence renovation projects. Learn more about each of our loan options and requirements below.

One option you can utilize if you qualify for conventional financing is the Fannie Mae HomeStyle Renovation Mortgage. This program gives you the money to purchase and fix up a home in one loan. You can also use it to refinance your existing mortgage if you want money to fix up your home.

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HomeStyle gets a makeover. Fannie Mae’s HomeStyle mortgage, best-known for allowing borrowers to purchase and renovate property with a single home loan, has gotten a remodel of its own.

That’s good news for home buyers who want to save money and earn instant equity with a "fixer" home. Both Fannie Mae’s Homestyle loan and the FHA 203K renovation mortgage allow you to.

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Fannie Mae HomeStyle Renovation Loan HomeStyle renovation mortgage maximum mortgage Worksheet This optional worksheet may be used to calculate the mortgage amount for a purchase or refinance transaction for the HomeStyle Renovation m ortgage. Borrower Name: Date: A. Loan Parameters Totals 1. % applicable ltv 2. renovation costs Cannot Exceed 75% of:

The Fannie Mae HomeStyle Renovation loan allows a qualified borrower to purchase or refinance a home and finance the cost of renovations/repairs into one final loan. (The total renovation cost cannot exceed 75% of the after completed value of the home based on the appraisal or the total acquisition cost, whichever is less).