Conventional Homestyle and Choice Renovation

For people in search of a basic loan.

Homestyle Renovation

A HomeStyle® Renovation mortgage gives you more flexibility to meet our borrowers’ needs, the potential to increase purchase and refinance loan production and save repair-contingent deals.

Homeowners are renovating like never before. With a HomeStyle Renovation loan, they’ll have funds for a wide range of renovation projects, from repairs and energy updates to landscaping and luxury upgrades. A HomeStyle Renovation loan can make the difference between a house and a dream home, or help restore an older home to its former glory.

Now you can give our customers the option to renovate and rehab a new or existing home by including financing in their conventional purchase or refinanced home loan. LTV is calculated taking the proposed project into account, giving them more purchasing power and more options to make their home their own.

CHOICE Renovation Mortgages

Borrowers looking for convenience and cost savings by financing their home purchase and renovation costs in a single-closing transaction.
Homeowners who need financing to make home improvements or repairs to their existing properties or a home they intend to purchase.
First-time homebuyers, homeowners looking to age in place or multigenerational families in need of living space customization.

*Depending on specific loan characteristics.