Homestyle Loans in Truman Heights neighborhood in Mesquite, TX

HomeStyle loans finance the purchase and renovation of an owner-occupied primary residence between 1 – 4 units. Further, HomeStyle loans can be useful for investors searching for a 1 unit second home or investment property. If these loans aren’t right for you, it’s best to check out a hard money loan alternative, like LendingHome.

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The Fannie Mae HomeStyle Renovation Loan in Texas. In this instance, under the Fannie Mae HomeStyle loan, you will not need a Consultant. This is much like the FHA 203k streamline loan. A great example of this is the installation of a pool. One point to keep in mind is that the elimination of the Consultant for reduced repair amounts is lender.

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Benefits Of Fannie Mae HomeStyle Loan. With the HomeStyle Mortgage, the minimum loan amount is $50,000 and the maximum loan amount is in reference to the conforming loan limit ($471,000). Repairs and renovations must be completed within 6 months and cannot exceed 50% of the after improved appraised value. With the Fannie Mae HomeStyle loan,

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