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Fannie Mae Homestyle Renovation Loan

A conventional renovation loan
Highlights
 Purchase & Rate/Term Refinances only
Loan to Value up to 95%
Minimum credit score 620
Primary residence, second homes & investment properties allowed
No mortgage insurance required for Loan to Value 80% or less

FHA 203K Renovation Loan

A government loan insured by the Federal Housing Administration.
Highlights
Purchase & Rate/Term Refinances only
Loan to Value up to 96.5%
Minimum credit score 580
Primary residence only           
The VA determines the eligibility and insurance for the loan, while a lender funds the loan.

VA Renovation Loan

A government loan insured by the US Department of Veterans Affairs.
Highlights
Must be an eligible Veteran
Purchase & Rate/Term Refinances only
No down payment required
Minimum credit score 620
No mortgage insurance required
*All loans subject to underwriter review and approval, other conditions will apply*

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