{"id":23454,"date":"2017-08-15T20:43:36","date_gmt":"2017-08-15T20:43:36","guid":{"rendered":"http:\/\/203krehabnow.com\/?p=23454"},"modified":"2017-08-15T20:43:36","modified_gmt":"2017-08-15T20:43:36","slug":"fnma-homestyle-renovation-case-study-tx","status":"publish","type":"post","link":"https:\/\/dev203k.orbitwebx.com\/dev203k\/fnma-homestyle-renovation-case-study-tx\/","title":{"rendered":"This Homeowner Used A Homestyle Renovation Loan To Repair His Foundation"},"content":{"rendered":"<h1 data-default=\"Your Heading Here\">Homestyle Renovation Refinance Project Coppell TX<\/h1>\n<p>Homeowner has owned this property for 10 years in a rapidly growing city. The home needed some foundation work and homeowner decided to make some updates to the interior as well since this program allows for necessary repairs and desired renovations Below we&#8217;ll share some useful information regarding the utilization of a <a href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/fannie-mae-homestyle-renovation-mortgage-loan\/\" rel=\"noopener noreferrer\" target=\"_blank\">Fannie Mae Homestyle<\/a> Renovation mortgage refinance..<\/p>\n<p><span><img decoding=\"async\" alt=\"Coppell Texas Homestyle Renovation\" title=\"259 Barclay Avenue-01\" data-id=\"23495\" src=\"\/wp-content\/uploads\/2017\/09\/259-Barclay-Avenue-01.png\"><\/span><\/p>\n<p><span style=\"font-size: 24px;\"><span style=\"color: rgb(22, 22, 0);\">City:<\/span> <\/span><span style=\"color: rgb(255, 255, 255);\"><a href=\"http:\/\/www.coppelltx.gov\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><span style=\"font-size: 24px;\">Coppell<\/span><\/a><\/span><span style=\"font-size: 24px;\"><span style=\"color: rgb(22, 22, 0);\">Type of Renovation:<\/span> Homestyle Renovation<span style=\"color: rgb(22, 22, 0);\">Purchase Price:<\/span> $0.00<span style=\"color: rgb(22, 22, 0);\">Bid Amount:<\/span> $45,413.00<span style=\"color: rgb(22, 22, 0);\">Contingency:<\/span> 10%After Improved Value: <span style=\"color: rgb(22, 22, 0);\">$222,000.00<\/span><\/span><\/p>\n<h3 data-default=\"Your Heading Here\"><strong>Details of Work:<\/strong><\/h3>\n<p data-default=\"Enter your text here...\">Using the Fannie Mae <a href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/fannie-mae-homestyle-renovation-mortgage-loan\/\"><strong>Homestyle Renovation<\/strong><\/a> mortgage homeowner had the following performed:<\/p>\n<p data-default=\"Enter your text here...\">Remove and replace kitchen cabinets, install new level 1 granite countertop, install new under mount stainless steel sink and faucet, new tile backsplash, repair\/replace drywall throughout, interior paint, remove and replace flooring and baseboards throughout, install new irrigation system, replace wood rot throughout, new accent strip in master bathroom, acid clean all tile and grout in master bath, &nbsp;demo brick on fireplace and replace with new stone from floor to ceiling, install new mantle and foundation repairs.<\/p>\n<p><span><img decoding=\"async\" alt=\"Coppell Texas Fannie Mae Homestyle Renovation\" title=\"259 Barclay Avenue-02\" data-id=\"23496\" src=\"\/wp-content\/uploads\/2017\/09\/259-Barclay-Avenue-02.png\"><\/span><span><img decoding=\"async\" alt=\"259 Barclay Avenue Kitchen and Bathroom \" title=\"259 Barclay Avenue-03\" data-id=\"23497\" src=\"\/wp-content\/uploads\/2017\/09\/259-Barclay-Avenue-03.png\"><\/span><a href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/contact\/\" rel=\"noopener noreferrer\"><span>address-book-o<\/span><span><span>Contact Lessa Today!<\/span><\/span><\/a><a href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/application\/\" rel=\"noopener noreferrer\"><span>home<\/span><span><span>Start The Process<\/span><\/span><\/a><\/p>\n<h3 data-default=\"Your Heading Here\"><strong>Guidelines:<\/strong><\/h3>\n<h3 data-default=\"Your Heading Here\">Homestyle Renovation Summary<\/h3>\n<ul>\n<li>plus-circle<span><a name=\"OLE_LINK20\">The HomeStyle Renovation mortgage enables the borrower to obtain a purchase mortgage or a limited cash-out refinance mortgage and receive funds to cover the costs of repairs, remodeling, renovations or energy improvements to the property.&nbsp;<\/a><\/span><\/li>\n<li>plus-circle<span><a name=\"OLE_LINK22\">Single loan for purchase or refinance and the renovation funds. Loan amount is based on the as-completed value of the home rather than present value.&nbsp;<\/a><\/span><\/li>\n<li>plus-circle<span>Renovation funds are limited to a maximum of 50% of the as-completed appraised value.<\/span><\/li>\n<li>plus-circle<span><a name=\"OLE_LINK26\">There are no required improvements or restrictions on the types of repairs allowed or a minimum dollar amount for the repairs<\/a>.<\/span><\/li>\n<li>plus-circle<span><a name=\"OLE_LINK28\">Repairs or improvements; however, must be permanently affixed to the real property and add value to the property. <\/a><\/span><\/li>\n<li>plus-circle<span><a name=\"OLE_LINK30\">Transaction may only cover the cost of repairs, remodeling, renovation or energy improvements<\/a>.<\/span><\/li>\n<\/ul>\n<p>lightbulb-o<\/p>\n<p data-default=\"Enter your text here...\" style=\"text-align: center;\">Did You Know?<\/p>\n<p><a name=\"OLE_LINK32\">You can roll in up to 6 months worth of payments if the home is uninhabitable during the renovation period and the property appraises high enough.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homestyle Renovation Refinance Project Coppell TX Homeowner has owned this property for 10 years in a rapidly growing city. The home needed some foundation work and homeowner decided to make some updates to the interior as well since this program allows for necessary repairs and desired renovations Below we&#8217;ll share some useful information regarding the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":23539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70,64,58,201,202],"tags":[],"class_list":["post-23454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fannie-mae-homestyle","category-home-improvement","category-mortgage","category-refinance","category-renovation-loan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fannie Mae Homestyle Renovation Refinance Case Study TX<\/title>\n<meta name=\"description\" content=\"Read our case 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