Fannie Mae‘s HomeStyle® Renovation Mortgage allows borrowers to include financing for home improvements in a purchase or refinance transaction of an existing home. A HomeStyle® loan gives you the ability to take a home in as-is condition and customize it, modernize it, and update it to best fit your needs.


With the HomeStyle® loan, there’s no second mortgage involved, no lingering HELOCs and no need to pay a second set of closing costs. There’s also no need to occupy the home you’re rehabbing. Fannie Mae allows the use of the HomeStyle® Renovation loan for vacation homes and investment properties.



Find a Loan Officer   Find a Branch



  • No Minimum Repair Amount
  • Maximum Repair Amount: 75% of as improved appraised value. The lesser of $50,000 or 50% of the as-completed value for manufactured home.
  • Renovation Duration: 9 Months from Closing
  • Swimming Pool Construction Allowed
  • Structural & Non-Structural Repair

Residency Types:

  • Primary Homes
  • Second Homes Single Family Investor


Loan Types:

  • First-Time Homebuyer
  • Purchase
  • Refinance
  • Renovation
  • Investment


  • Single family residences
  • 1-4-unit primary residence
  • 1-unit second home
  • 1-unit investment property
  • Manufactured homes (doublewide or greater)
  • Planned Unit Developments (PUDs)
  • Warrantable Condominiums

What Our Customers Are Saying


What Our Customers Are Saying


Everyone we came across at the company made our process a lot less stressful. They answered all our questions and made sure we handed everything that needed to be handed in on time. Thanks!

Paul K. / Homebuyer, NJ

We highly recommend Family First as they are an amazing team, efficient, honest and always available! Not only would I recommend Family First to my clients, I do use them for our family's mortgage needs!

Lisa C. / Real Estate Agent, FL

Great service, very professional. Highly recommended!

Christofer V. / Homebuyer, TX

Expertise, open communication at all times, and complete confidence knowing that my Buyer was wonderfully serviced and their loan would close!

Laure M. / Real Estate Agent, NJ

It was a smooth process from start to finish and I appreciate the time each of them took to answer any questions I may have had with respect to the process, the paperwork, etc. They were all incredibly kind, helpful, and responsive no matter how small the question may have been, and as a first time homebuyer I am very grateful for that.

Jessica S. / Homebuyer, NJ
Our resources

In the news Today

Find a Product