Fannie Mae Selling Guide B5-3.2-02: HomeStyle Renovation Mortgages: Loan and Borrower Eligibility
This topic contains information on HomeStyle Renovation mortgages and borrower eligibility requirements, including:
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- Renovation-Related Costs
- Property Requirements
- HomeReady Eligibility
- Mortgage Terms
- “Do It Yourself” Option
- LTV Ratios
- Limited Cash-out Transactions
- Borrower Requirements
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.