Renovation Loan: FHA 203(k)

Program Highlights: Used for remodeling and repairs Purchase or refinance Primary residence only Loan amount based on the lesser of as-completed value of the home or sales price, plus the total cost of renovation Requires only 3.5% down payment Allows monetary gifts...

Renovation Loan: Fannie Mae Homestyle

Program Highlights: Purchase or refinance Primary, second home or investment property Requires as little as 5% down on primary residences and 10% down on second homes and investment properties
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