HomeStyle Renovation Loans in Venice & Miami, FL - Agape Mortgage Group
Not every home is perfect. If you come across a home during your search that may need a little TLC, that doesn’t mean that it should be passed by. Speak to your financial craftsman about the Fannie Mae HomeStyle Renovation Mortgage, which allows you to combine the cost of the home with renovation or remodeling into one loan.
At closing, all funds for your renovation are escrowed in an interest-bearing account. After your finished renovating, any remaining funds will be used to pay down the principal balance of the loan.
The Fannie Mae HomeStyle Renovation Mortgage
Features and Benefits
Finance your home and renovation costs with one low down payment.
Fixed-rate, ARM, and high-balance loans available.
Escrow your renovation funds in an interest-bearing account.
Finance your soft costs, such as architectural and engineering services permit fees, etc.
Refinance options also available.
