Fannie Mae HomeStyle Renovation Mortgage

Great news!

The Fannie Mae HomeStyle Renovation Mortgage is here! BrandMortgage on Saint Simons Island is now able to offer The Fannie Mae HomeStyle mortgage loan in amounts up to $417,000 all over Georgia (higher loan amounts available in High Cost Areas). This loan can be used for just about any type of renovation project on a purchase of a new home or the refinance of your existing home. Here are the highlights:

• Higher Loan Limits than FHA
• No Minimum Dollar Amount for Renovations
• 5% Down Payment Allowed
• 620 Minimum Credit Score
• No MI with 20% down
• Primary Homes, 1 Unit Second Homes, 1 Unit Investment Properties & Approved Condos
• Install and repair swimming pools and other luxury items.
• Here are some of the Eligible Projects:
  Additions
  Modernization
  Structural Repairs
  Energy Conservation
  Install/Repair/Replace Heating, Ventilation, Air Conditioning, Electrical, Plumbing
  Install/Repair/Replace Well and Septic
  Roofing, Gutters, Downspouts
  Flooring, Carpet or Tile
  Major Landscape/Site Improvement
  Handicap Accessibility
  Attached/Detached Garage
  Install or repair Swimming Pool and other Luxury Items (tennis court, etc.)

This is a great opportunity to purchase that fixer-upper and finance the costs or renovate your current home on a 30 year fixed rate mortgage or any of the other Fannie Mae mortgage offerings. Home prices on St Simons Island have mostly exceeded the FHA loan limits, so this is a great program for our area in particular. Call me for more details or Apply Online today!