Limited: Perfect for smaller projects and a total cost under $35,000 without structural renovations.
Standard: Ideal if the total project cost is over $35,000 or structural repairs are in your renovation plans.
Low down payment of 3.5% of the total acquisition cost for single-family or multi-family homes up to four units.
Fannie Mae Homestyle & Freddie Mac Choice
Down payments start as low as 3% of the total acquisition cost – perfect for renovation projects big and small.
Follows conventional guidelines
Eligible veterans can qualify for 100% financing to purchase and renovate a home.
Tailored for cosmetic renovation projects with a total cost under $50,000 without structural repairs.
USDA renovation loans are 100% financing loans backed by the U.S. Department of Agriculture. They enable eligible, qualified borrowers to
purchase a fixer-upper and renovate with no money down. Assistance to low- and moderate-income rural residents whose income is equal to or less than 115% of the area median income