Homestyle Renovation Loans

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HomeStyle Renovation loans are a type of mortgage product offered by Fannie Mae, a government-sponsored enterprise (GSE) in the United States. These loans are designed to help homeowners finance the purchase or refinance of a home while also providing funds for renovations or repairs.

The purpose of these loans is intended to finance both the acquisition or refinance of a property AND the costs associated with renovations, repairs, or improvements. HomeStyle Renovation loans provide borrowers with one single loan that covers both the purchase or refinance of the property and the cost of renovations and can be used for various types of properties.

While HomeStyle Renovation loans offer several advantages, it is important to reach out to the professionals at Sterling Financial Services to understand the specific requirements, eligibility criteria, and available options based on your unique circumstances.