FNMA HomeStyle


The HomeStyle renovation loan allows you to either purchase a new home or refinance your existing home and make personalized improvements with one loan closing. The cost of your personalized improvements is placed in an interest bearing Escrow account and disbursed as the work is completed and inspected.

The HomeStyle loan does not have any minimum amount of improvements or any restrictions on the type of repairs that can be included in your loan. The only requirement is that any improvement must be permanently affixed to the property and adds value to your property.

HomeStyle allows you to build home equity while increasing your comfort and enjoyment in home ownership.

HomeStyle Basics

Who should use a HomeStyle loan?

  • Home Buyers who are buying the perfect location but less than perfect home
  • Home Buyers and Home Owners  wanting to add luxury features like pools, sauna’s, etc
  • Investors purchasing homes in need of renovation repairs
  • Home Owners looking to refinance their current mortgage for a lower interest rate and establish an escrow to make personalized home improvements

Why should I use a HomeStyle loan?

  • Save money on utility bills and maintenance cost (make home ownership more affordable)
  • Save on out-of-pocket costs
  • Increase a home’s resale value (build immediate equity)
  • Address any potential health and safety issues in your home.
  • Improve the comfort and enjoyment of your home

What type of repairs does a HomeStyle loan cover?

  • Roofs, Gutters, Down Spouts
  • Heating and Cooling Systems
  • Plumbing and Electrical Systems
  • Kitchen and Bathroom Remodeling
  • Basement Remodeling
  • Expanding Attics
  • Room Additions and Garages
  • Window and Door Replacement
  • Carpet and Flooring
  • Painting and Siding
  • Mold and Lead Paint Abatement
  • Foundation and Water Damage
  • Well and Septic Systems
  • In-ground pools, patios and porches

What makes HomeBridge different from other HomeStyle lenders?

  • HomeBridge processes, underwrites, closes and administers all the renovation draws.
  • HomeBridge Concierge Service will assist each home buyer / home owner with questions, concerns and more so you are never left feeling out of control or uninformed.
  • HomeBridge has a trained Specialist in your local market to assist you to pick the right options to meet your personal goals and objectives.
How It Works

A Step-by-Step Guide to Finding, Purchasing and Renovating a Home


Apply for a mortgage with your HomeBridge Loan Originator. We will review your application and loan documents to pre-approve you for a maximum loan amount and determine the best loan program to fit your needs.

Find Your Home

Look for a home that you can customize to become your dream home. The contract between you and the seller will be just for the purchase price. It will not include the funds to be used for your home improvements. Your Realtor will forward the accepted contract to your Loan Originator to finalize the financing.

Choose a Contractor

You must research and select a contractor to complete your improvements after the loan closes. Contractors must provide specific documentation to be accepted for use in the renovation program.

Purchase Your Home

HomeBridge processes, underwrites and closes your loan in-house. You will go to settlement on your new home with an Escrow account established to complete your home improvement project.

Renovations Complete

Once your loan closes, your personal HomeBridge Renovation Concierge Manager will work with you and your contractor. This Manager will monitor the renovation process and distribution of funds, and is available to answer all of your questions. Most customers have this process completed within 60 days of closing (smaller projects can be completed in less than 30 days).