Fannie Mae HomeStyle Loan
I am sure many of you are asking why I am so driven and passionate about this “HomeStyle” loan program. Maybe I am crazy? LOL this is a possibility
For decades many homeowners have not focused on building equity in their home. In my 30+ years in real estate I believe that creating and building equity in your home is major building block in your family’s financial foundation. By building equity you can buy up every few (5 – 7) years and after your 2nd or 3rd home sell you will have the home of our dreams without the high monthly payment!
Fannie Mae “HomeStyle” Loan allows up to 50% in remodel / repairs (based on “as completed value”).
Some of the Benefits of a HomeStyle Loan:
- Ability to explore more home choices for purchase
- Can immediately add equity to the home
- Advantageous for the First Time Home Buyer, no need to save up for the home repairs, needs and wants
- Avoiding high interest rate credit cards for home repairs
- Borrowers can purchase the appliances they may not own
- Have the ability to personalize home improvements
- Get in your desired school district or neighborhood
- Have more house than you thought you could afford
- Get the kitchen, bathroom, or office they wanted or needed
- Remodel a home to fit their needs
- Monthly mortgage insurance will be based on the estimate value of the home after renovation. And NO upfront funding fee that Government Loan require (FHA, VA & USDA)
The HomeStyle Loan is for both Purchases and Refinances!
To get more details on this loan product click on the link. HomeStyle
Contact me and we will get started on your HomeStyle Loan building equity and your financial future.
An attitude of gratitude creates blessings – Sir John Templeton
Cindy Seely NMLS # 245378
Western Missouri Branch Manager & Licensed Loan Originator
National Asset Mortgage, LLC NMLS # 836952
1201 N. W. Briarcliff Parkway, Kansas City, Mo 64116