The Fannie Mae HomeStyle Program enables borrowers to either purchase of refinance their home while including rehabilitation costs in the same loan. This program offers the borrower the ability to finance the cost of a rehab project ranging from a simple remodel through structural improvements and upgrades including luxury items. Contact us at (562) 761-6959 or email us for more information about how we can assist you with the HomeStyle Loan Program!
HomeStyle Program Features
- Up to 95% LTV of the “as-completed” value
- Credit scores as low as 620
- Owner occupied 1-4 units, condos, SFR, PUDs, 1-unit second home and investment property
- No minimum repair amount
- Use for improvements to out-dated homes, structural deficiencies, additions and expansions. Upgrade bathrooms, kitchens and outdoor living space, including built-in outdoor kitchens, BBQs, fireplaces and swimming pools
- A consultant is required for inspections and can help the project run smoothly
- Improvements must be permanently affixed to the real property and add value to the property
We are located in Long Beach, CA and service Long Beach, Huntington Beach, South Bay, Downey and Torrance area, as well as the entire State of California and nationwide.