HomeStyle Renovation
Go from fixer-upper to live-in condition!
The HomeStyle Renovation program allows home improvement costs to be financed into a purchase or refinance loan. With a HomeStyle Renovation Loan you can finance the home improvements that will turn a house that needs a little TLC into a home! It also saves time and money because there is only one set of closing costs, one loan approval and one closing. Please call us with any questions about this loan program. We’re here to help navigate the dream of home ownership!
Program Highlights
Home improvement project costs can be rolled into the loan and the available loan amount is based on what the appraised value of the home will be after the improvements are completed! Examples of acceptable project types include:
- Flooring upgrades
- Foundation repair
- Kitchen and bath remodels
- Installation of egress windows
- Room additions
- Relocation of load-bearing walls
- Landscaping and in-ground pools
- Window replacement
- Outdoor kitchens
- Solar and HVAC system installation
- Roof and gutter replacement/repair
- Purchase and installation of appliances
Guideline Highlights
- Purchase and refinance of owner-occupied, second-home and non-owner occupied residences
- Eligible property types include attached and detached single family residences, condos & PUDs
- 1 to 4-unit properties (LTV and occupancy restrictions apply) n Improvements must be permanently-affixed and add value to the property
- Maximum $417,000 loan amount
- Maximum loan-to-value 95% n Minimum 640 credit score for owner-occupied residence
- Additional restrictions apply—contact your Loan Expert for more details
Home Buyer Tips
- 2 Myths That May Be Holding You Back From Buying
- 5 Reasons Home Ownership is a Good Financial Investment
- Do’s and Don’ts During The Loan Process
- FHA 90 Day Property Flip Waiver
- Getting a Mortgage: Why So Much Paperwork?
- How to know if it’s a condo?
- Look for a Luxury Home? Now’s The Time To Act!
- Ready To Make An Offer? 4 Tips For Success
- The Perfect Home Loan Application
- What You Need To Know About VA Loans
- Condo Loans - Low Down Payment
- How We Safe Guard Your Information
- Mortgage Insurance
- Niche - Unique Mortgages
- Path 2 Buy
- Rent vs. Buy
- Rising Rent - No Problem
- Student Loan Debt
- The Mortgage Process
- USDA-Wide Open Spaces
Homeowner Tips
Tax Information
Loan Programs
- FHA “Back-To-Work: Extenuating Circumstances” Program
- FHA 203k Streamline Rehab Loan
- HomeStyle Renovation
- HUD-184 Native American Program
- Jumbo Loans
- Veterans Assistance Loan Benefits
- Reverse Mortgage
- 3 Reasons Why First-Time Home Buyers Love FHA
- FHA - Home Ownership Opportunities
- FasTrac Approval Process
- Home Ready Program
- Jumbo Plus Loans
- Loan Programs - Pros & Cons
Closing Information
Financing Information
- How Low Interest Rates Increase Your Purchasing Power
- The Power of Pre-Approval for Agents
- Where Are Interest Rates Headed?
- Why Pre-Approval Should Be Your First Step
- Delayed Financing Options
- Discount Points vs Premium Pricing
- Duplex Financing Options
- FICO Scores
- Flipped Property Finance Options
- Jumbo - Credit Challenged
- No Lender Fees
- Refinancing
Specialty Programs
- Union Advantage
- FHA - Benefits
- FHA - Credit Requirements
- FHA - Limited Savings
- FHA - Refinance
- Family Opportunity Program
- Fannie Mae - 97% LTV
- HomeScout: Your Unfair Advantage
- Jumbo - Medical Loan Program
- Luxury Home - 2 Million Max
- NHF Platinum - Down Payment Assistance
- Non-Resident Alien Home Loan