An easy and affordable way to pay for home renovations and repairs

HomeStyle Renovation^® can help you finance one or more renovation projects, pay for major repairs, or install a pool. This Fannie Mae program is available for new and existing homes – even new construction. The funds can be used for design updates or even renovating accessory units like garage apartments or guesthouses.

Key Features and Benefits:

• You may qualify for renovation fund amounts from $5,000 up to 75% of your home's post-renovation value.
• Lower closing costs, since you’re closing a single transaction.
• Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, second homes, and homes in Planned Unit Developments (PUDs).
• Fixed- and adjustable-rate mortgage options.