The HomeStyle program allows borrowers to purchase a property and include the repair/ renovation costs in the loan.
Renovations must begin within 30 days of loan closing and be completed within 180 days.
There’s much more!
- Add a pool, upgrade the kitchen and more!
- Up to 50% of the as-completed value may be used for renovation/repair funds. Renovations/repairs must add value to the property and be permanently affixed.
- 1-2 unit primary residence owner-occupied and 1-unit second home.
- SFR/PUDs (attached/detached) and condominiums
- Unfinished model home/new construction may be eligible on a case-by-case basis.