HomeStyle Renovation Loans by Fannie Mae

The HomeStyle® Renovation Loan program allows a borrower to renovate, repair, or improve a home or investment property.


What is a HomeStyle® Renovation Loan?

The HomeStyle® Renovation loan combines a home purchase or refinance with home improvement financing in one loan with one closing. HomeStyle® Renovation loans let you customize a home to your liking or make needed repairs as long as they are permanent to the property and add value.

What are the benefits of a HomeStyle® Loan?

  • Cost effective way to renovate or improve a property
  • Make renovations, repairs or improvements totaling up to 50% of the as-completed value of property with first mortgage
  • No minimum renovation amount
  • Fixed and adjustable rate options
  • Private mortgage insurance

HomeStyle® Renovation Eligible Properties

  • 1-4 family primary residences
  • Second homes
  • 1-unit investment property
  • Log homes

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