Fixer-Upper Series – Homestyle Renovation Loan
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Fixer-Upper Series – Homestyle Renovation Loan
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About this listen
Renovating just got a whole lot easier! In this episode, Mya, Ang, and Chris unpack the Fannie Mae Homestyle Renovation Loan—a flexible option for financing home upgrades. They compare it to the FHA 203K (be sure to check out that episode), covering down payments, renovation limits, and who qualifies (spoiler: it’s not just for primary residences). Plus, they break down consultant roles, project scope, and what to expect from the loan process. If you’re dreaming of turning a fixer-upper into a masterpiece, this one's a must-listen!
- The Fannie Mae Homestyle Renovation Loan offers more flexibility than FHA loans.
- Down payments depend on property type and whether you’re living there.
- Works for primary homes, vacation spots, and investment properties.
- Loan amount is based on the home's future value—hello, instant equity!
- Consultants keep projects on track (no DIY disasters allowed).
- Mortgage payments can be rolled in during renovations.
We invite you to dream out loud with us! Mya, Ang, Chris and Candice
Www.TheMyaGroup.com
Let’s get social:
https://www.facebook.com/TheMyaGroup
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