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FNMA HomeStyle | Basics

Who should use a HomeStyle loan?

  • Home Buyers who are buying the perfect location but less than perfect home
  • Home Buyers and Home Owners  wanting to add luxury features like pools, sauna’s, etc
  • Buying the perfect water front or mountain view  with a 1990’s vintage property
  • Refinancing your current mortgage for a lower interest rate and establish an escrow to make personalized improvements to increase the comfort and enjoyment of your home

 

Why should I use a HomeStyle loan?

  • Save money on utility bills and maintenance cost (make home ownership more affordable)
  • Save on out-of-pocket costs
  • Increase a home’s resale value (build immediate equity)
  • Address any potential health and safety issues in your home.
  • Improve the comfort and enjoyment of your home

 

What type of repairs does a HomeStyle loan cover?

  • Roofs, Gutters, Down Spouts
  • Heating and Cooling Systems
  • Plumbing and Electrical Systems
  • Kitchen and Bathroom Remodeling
  • Basement Remodeling
  • Expanding Attics
  • Room Additions and Garages
  • Window and Door Replacement
  • Carpet and Flooring
  • Painting and Siding
  • Mold and Lead Paint Abatement
  • Foundation and Water Damage
  • Well and Septic Systems
  • In-ground pools, patios and porches

 

What makes REMN different from other HomeStyle lenders?

  • REMN is a FNMA direct lender.
  • REMN processes, underwrites, closes and administers all the renovation draws and you make your mortgage payments directly to REMN Servicing Company.
  • REMN Concierge Service will assist each home buyer / home owner with questions, concerns and more so you are never left feeling out of control or uninformed.
  • REMN has a trained Specialist in your local market to assist you to pick the right options to meet your personal goals and objectives.
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