Fannie Mae Homestyle® by Compadre Mortgage
The Fannie Mae Homestyle renovation loan is a single close loan that enables borrowers to purchase a home that needs repairs, or refinance their existing home and include the necessary funds for renovation in the loan balance. The loan amount is based on the "as-completed" value of the home. There are no required improvements or a minimum dollar amount for the repairs. Repairs or improvements, however, must be permanently affixed to the real property and add value to the property.
Specialty Loan Products offered by Compadre BrokersNot just your normal lender. We offer programs that meet customers where they live.
Non QM and Non-Conforming plus Jumbo, Renovation and Single Close Construction