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FNMA HomeStyle Renovation Loan


Our Renovation Loan Program lets you buy a home and repair or improve it with just one loan. The program may also be used to refinance an existing mortgage and borrow funds for the improvement or repairs to the home you currently own.



The program provides a convenient way for borrowers to make renovations, repairs or improvements totaling up to 50 percent of the as-completed value of the property with a first mortgage. With this single-loan process, borrowers will enjoy saving time and money over more costly financing methods like a second mortgage or home equity line of credit.

Borrowed funds may be used for any repairs or renovations that are permanently affixed and add value to the property.

Eligible borrowers include individual home buyers and investors.

  • Maximum loan amount $417,000
  • Low 5% minimum down payment
  • Reasonably good credit and verifiable income required
  • Virtually unlimited types of repairs
  • Funds for renovations are capped at the lesser of $100,000 or 50% of the completed value of the property
  • Second homes and investment properties allowed (some limitations apply)
  • Fixed-rate single-close loan



  • Purchase and renovation of an existing home
  • Renovation of a home you already own


Questions? We’re here to help!
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