Tag Fannie Mae HomeStyle Renovation

Tag Fannie Mae HomeStyle Renovation

Delaware Home Renovation Loans – 3 Finance Options to Choose

John Thomas November 12, 2017 Tags: , ,
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Delaware Home Renovation Loans – 3 Finance Options to Choose

Renovation loan programs come in all shapes and sizes. Whether you need a few repairs, paint touchups, major reconstruction or some luxury upgrades, the right renovation loan for your project is available. It’s crucial to find the renovation loan program that fits your needs the best. PRMI Renovation Loans offer three great financing options that are tailored to fit the needs of Delaware homeowners.  Call 302-703-0727 to explore your options with a renovation specialist or begin the process online – GET STARTED ONLINE. Keep Reading...

HomeStyle Renovation – Alternative to FHA 203k?

John Thomas February 9, 2016 Tags:
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HomeStyle Renovation Loans – Alternative to FHA 203k?

HomeStyle Renovation financing is not new to the mortgage landscape. It is somewhat rare, however, with a limited amount of mortgage lenders carrying the product or possessing the skill-set to execute it when they do offer it.

Providing an alternative to the more common FHA 203k loan, the HomeStyle is, in many ways, a better renovation loan product.

What is the HomeStyle?

Offered by Fannie Mae, the HomeStyle Renovation mortgage is a single-close loan that allows you to finance the cost of renovations, improvements or appraiser required repairs right into the loan balance. The loan works much like its FHA cousin, the 203k.  The HomeStyle Renovation loan is a conventional loan so has all the advantages of a conventional mortgage loan as compared to a FHA loan. Keep Reading...