FNMA HomeStyle | Overview

The HomeStyle renovation loan allows you to either purchase a new home (primary residence or vacation home) or refinance your existing home (primary residence or vacation home) and make personalized improvements with one loan closing. The cost of your personalized improvements is placed in an interest bearing Escrow account and disbursed as the work is completed and inspected.

The HomeStyle loan does not have any minimum amount of improvements or any restrictions on the type of repairs that can be included in your loan. The only requirement is that any improvement must be permanently affixed to the property and adds value to your property.

HomeStyle allows you to build home equity while increasing your comfort and enjoyment in home ownership.

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