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Renovation Loans

Fannie Mae's Homestyle loan program allows you to purchase or refinance, and finance additional home improvements in one loan with one closing. Available for one to four unit properties, it also applies to second homes and one and two unit investment properties. Enjoy the benefits of a lower first mortgage interest rate and save money by only paying one set of closing costs with the Fannie Mae Homestyle mortgage.
Loans arranged through 3rd party providers.

FHA 203(k) MortgagesThe Federal Housing Authority (FHA) 203(k) is a renovation loan that can be used for a purchase or refinance of an owner-occupied residence. To be eligible, the property must be a one-to-four family dwelling that has been completed for at least one year. The homeowner can use the 203(k) program to finance such items as kitchen & bathroom renovations, additions, decks and landscaping.  Luxury items and improvements are not eligible. This program may not be used by investors.