{"id":24065,"date":"2021-01-28T09:00:54","date_gmt":"2021-01-28T09:00:54","guid":{"rendered":"https:\/\/203krehabnow.com\/?p=24065"},"modified":"2021-01-28T09:00:54","modified_gmt":"2021-01-28T09:00:54","slug":"how-does-the-fannie-mae-homestyle-mortgage-loan-work","status":"publish","type":"post","link":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/","title":{"rendered":"How Does the Fannie Mae Homestyle Mortgage Loan Work?"},"content":{"rendered":"<h2>All About The Fannie Mae Homestyle \u00ae\u00a0 Mortgage<\/h2>\n<p>Home is where the heart is\u201d might be a common saying on housewarming gift cards everywhere, but it also has the merit of being true. Making your home a place you feel at peace in might seem challenging, but it\u2019s often just a matter of getting the right renovation funding for projects that will make it the home you\u2019ve always wanted. For homebuyers and current homeowners, a <a style=\"outline: none;\" href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/fannie-mae-homestyle-rehab-high-balance\/\" target=\"_blank\" rel=\"noopener\">Fannie Mae Homestyle\u00ae Mortgage<\/a> is a definite solution to that problem.<\/p>\n<h2>What is a Fannie Mae Homestyle \u00ae Mortgage?<\/h2>\n<p>Homestyle\u00ae is a loan program from the <a style=\"outline: none;\" href=\"https:\/\/singlefamily.fanniemae.com\/originating-underwriting\/mortgage-products\/homestyle-renovation\" target=\"_blank\" rel=\"noopener\">Federal National Mortgage Association (FNMA)<\/a>, commonly called Fannie Mae, and allows borrowers to fund home renovation projects. Fannie Mae is a government-sponsored enterprise (GSA), so their loans are conventional ones that are backed by private lenders, not a federal government agency.<\/p>\n<p>With a Homestyle\u00ae loan, you can fund so-called \u201cluxury\u201d improvements such as:<\/p>\n<ul>\n<li>An in ground pool<\/li>\n<li>A remolded kitchen or bathroom<\/li>\n<li>Room additions<\/li>\n<li>A backyard deck<\/li>\n<\/ul>\n<p>This loan is technically capped at 80% of your finished home\u2019s value \u2013 different from the home\u2019s current value. This means that if your home is worth $250,000 now, but improvement will bump it up to $300,000, you can borrow up to 80% on $300,000 before the project has even begun.<\/p>\n<h3>Renovations with a Fannie Mae Homestyle \u00ae Mortgage Loan<\/h3>\n<p>Maybe you\u2019ve lived in your home for a few years and want to add some quality upgrades. Or perhaps you\u2019re shopping for homes and see one in a great neighborhood that only needs some improvements. A HomeStyle\u00ae loan works for both.<\/p>\n<p>1) <strong>For homeowners<\/strong>, the benefits include affordable financing and a wide range of improvement possibilities.<\/p>\n<p>Firstly, funding renovation projects with a HomeStyle\u00ae loan generally offers much better interest rates than what you\u2019d get using a credit card. Credit card users can expect rates around 17%, while mortgage rates fall well below that number \u2013 saving you money in the long-term.<\/p>\n<p>Secondly, you can fund almost any home improvement project with a HomeStyle\u00ae loan. You can use it to renovate single-family homes, four-unit homes, condos and manufactured homes; you can use a HomeStyle\u00ae loan to renovate an investment property as well as your primary residence.<\/p>\n<p>2) <strong>For homebuyers<\/strong>, a HomeStyle\u00ae loan allows you to add some length to your list of possible homes. Imagine finding a home you like in a neighborhood you love. To get the house to that same level, you can combine your purchase loan with a HomeStyle\u00ae loan for a single low-cost loan with one set of closing costs.<\/p>\n<p>Before even moving in, you can begin funding upgrades that will transform an overlooked fixer-upper into the home you\u2019ve always wanted.<\/p>\n<p>2) <strong>For homebuyers<\/strong>, a HomeStyle\u00ae loan allows you to add some length to your list of possible homes. Imagine finding a home you like in a neighborhood you love. To get the house to that same level, you can combine your purchase loan with a HomeStyle\u00ae loan for a single low-cost loan with one set of closing costs.<\/p>\n<p>Before even moving in, you can begin funding upgrades that will transform an overlooked fixer-upper into the home you\u2019ve always wanted.<\/p>\n<p>The Right Renovation Solution for You<\/p>\n<p>The right renovation option is the one that fits your unique needs. In general, a Fannie Mae HomeStyle\u00ae loan offers great renovation options and highly competitive rates.<\/p>\n<p>As a <a style=\"outline: none;\" href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/contact\/\" target=\"_blank\" rel=\"noopener\">mortgage professional<\/a> in one of the nation\u2019s top renovation lenders \u2014 CMG Home Loans has been named the top FHA 203(k) lender by HUD for the last four years \u2014 I understand how to deliver service that provides the personal touch your unique goals need. Our mission is to provide a Fannie Mae HomeStyle\u00ae loan process that simple, easy and affordable.<\/p>\n<p>To reach your homeownership goals, contact me today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All About The Fannie Mae Homestyle \u00ae\u00a0 Mortgage Home is where the heart is\u201d might be a common saying on housewarming gift cards everywhere, but it also has the merit of being true. Making your home a place you feel at peace in might seem challenging, but it\u2019s often just a matter of getting the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70,58,62,75],"tags":[152,131,128],"class_list":["post-24065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fannie-mae-homestyle","category-mortgage","category-mortgage-programs","category-purchase","tag-fannie-mae-homestyle-2","tag-fannie-mae-homestyle-loan","tag-fannie-mae-homestyle-rehab"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow\" \/>\n<meta property=\"og:description\" content=\"All About The Fannie Mae Homestyle \u00ae\u00a0 Mortgage Home is where the heart is\u201d might be a common saying on housewarming gift cards everywhere, but it also has the merit of being true. Making your home a place you feel at peace in might seem challenging, but it\u2019s often just a matter of getting the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/\" \/>\n<meta property=\"og:site_name\" content=\"203krehabnow\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-28T09:00:54+00:00\" \/>\n<meta name=\"author\" content=\"Leesa Sandoval\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leesa Sandoval\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/\"},\"author\":{\"name\":\"Leesa Sandoval\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/#\\\/schema\\\/person\\\/077ba4d7228c4608636fa8a7169e57ed\"},\"headline\":\"How Does the Fannie Mae Homestyle Mortgage Loan Work?\",\"datePublished\":\"2021-01-28T09:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/\"},\"wordCount\":638,\"image\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"fannie mae homestyle\",\"fannie mae homestyle loan\",\"Fannie Mae HomeStyle Rehab\"],\"articleSection\":[\"Fannie Mae Homestyle\",\"Mortgage\",\"Mortgage Programs\",\"Purchase\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/\",\"url\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/\",\"name\":\"How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2021-01-28T09:00:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/#\\\/schema\\\/person\\\/077ba4d7228c4608636fa8a7169e57ed\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Does the Fannie Mae Homestyle Mortgage Loan Work?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/#website\",\"url\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/\",\"name\":\"203krehabnow\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/#\\\/schema\\\/person\\\/077ba4d7228c4608636fa8a7169e57ed\",\"name\":\"Leesa Sandoval\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g\",\"caption\":\"Leesa Sandoval\"},\"url\":\"https:\\\/\\\/dev203k.orbitwebx.com\\\/dev203k\\\/author\\\/leesasandoval\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/","og_locale":"en_US","og_type":"article","og_title":"How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow","og_description":"All About The Fannie Mae Homestyle \u00ae\u00a0 Mortgage Home is where the heart is\u201d might be a common saying on housewarming gift cards everywhere, but it also has the merit of being true. Making your home a place you feel at peace in might seem challenging, but it\u2019s often just a matter of getting the [&hellip;]","og_url":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/","og_site_name":"203krehabnow","article_published_time":"2021-01-28T09:00:54+00:00","author":"Leesa Sandoval","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leesa Sandoval","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#article","isPartOf":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/"},"author":{"name":"Leesa Sandoval","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/#\/schema\/person\/077ba4d7228c4608636fa8a7169e57ed"},"headline":"How Does the Fannie Mae Homestyle Mortgage Loan Work?","datePublished":"2021-01-28T09:00:54+00:00","mainEntityOfPage":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/"},"wordCount":638,"image":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#primaryimage"},"thumbnailUrl":"","keywords":["fannie mae homestyle","fannie mae homestyle loan","Fannie Mae HomeStyle Rehab"],"articleSection":["Fannie Mae Homestyle","Mortgage","Mortgage Programs","Purchase"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/","url":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/","name":"How Does the Fannie Mae Homestyle Mortgage Loan Work? - 203krehabnow","isPartOf":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#primaryimage"},"image":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#primaryimage"},"thumbnailUrl":"","datePublished":"2021-01-28T09:00:54+00:00","author":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/#\/schema\/person\/077ba4d7228c4608636fa8a7169e57ed"},"breadcrumb":{"@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/how-does-the-fannie-mae-homestyle-mortgage-loan-work\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev203k.orbitwebx.com\/dev203k\/"},{"@type":"ListItem","position":2,"name":"How Does the Fannie Mae Homestyle Mortgage Loan Work?"}]},{"@type":"WebSite","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/#website","url":"https:\/\/dev203k.orbitwebx.com\/dev203k\/","name":"203krehabnow","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev203k.orbitwebx.com\/dev203k\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dev203k.orbitwebx.com\/dev203k\/#\/schema\/person\/077ba4d7228c4608636fa8a7169e57ed","name":"Leesa Sandoval","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a1f478e0fb8d6f79b87ef43e4a85326476dda64bb0f90ba61943a2f36286728e?s=96&d=mm&r=g","caption":"Leesa Sandoval"},"url":"https:\/\/dev203k.orbitwebx.com\/dev203k\/author\/leesasandoval\/"}]}},"_links":{"self":[{"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/posts\/24065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/comments?post=24065"}],"version-history":[{"count":0,"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/posts\/24065\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/media?parent=24065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/categories?post=24065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev203k.orbitwebx.com\/dev203k\/wp-json\/wp\/v2\/tags?post=24065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}