HomeStyle Renovation Loans: Buy, Renovate With One Mortgage

Fannie Mae HomeStyle renovation mortgages let you buy and renovate a fixer-upper home with one loan.

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Written by Holden Lewis
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If you’ve been house hunting but haven’t found a place that's affordable and move-in ready, you may consider broadening your search to include fixer-uppers.

A HomeStyle renovation loan from Fannie Mae combines the home’s purchase price with the cost of improvements. This loan covers a wide range of projects, and the home isn’t required to be habitable at the time of purchase. However, all work must be completed within 15 months after the loan closes.

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