HomeStyle renovation loans offer a versatile solution for financing repairs, remodels, renovations, or energy-efficient upgrades on various types of properties, including primary residences, second homes, and investment properties.

With HomeStyle, there are no mandatory improvement requirements or limitations on the types of repairs allowed, and there's no minimum dollar amount for the renovations. However, it's important to ensure that any repairs or improvements are permanently affixed to the property, add value, and are executed by a licensed contractor

Beyond securing your new home, an FHA Limited 203(k) loan offers the opportunity to access up to $35,000 in additional funds, which includes a contingency reserve. These funds can be used for various non-structural improvements and renovations. Whether you're looking to update your kitchen or bathroom, install new flooring, invest in modern appliances, or address roofing repairs, FHA Limited 203(k) has you covered.

Standard 203(k) Rehabilitation Mortgage

When your potential dream home requires extensive renovations exceeding $35,000 or involves structural repairs, the Standard FHA 203(k) might be the perfect solution. This program eliminates the limitations of the limited option, allowing for comprehensive home remodeling.

With a Standard FHA 203(k) loan, you can access additional funds* to address eligible repairs, including the flexibility to move or remove walls, perform minor pool repairs, and enhance your landscaping.

*Final disbursement of funds is subject to final inspection. New American Funding is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. 

A VA Renovation Loan is an ideal solution for veterans, active-duty service members, and eligible spouses seeking to buy or refinance a home while funding renovations—all with 100% financing. Backed by the Department of Veterans Affairs, this loan requires no down payment, no private mortgage insurance (PMI), and offers competitive interest rates, making it a cost-effective choice. Whether you’re transforming a fixer-upper or upgrading your current property, it covers costs like structural repairs, kitchen remodels, or energy-efficient improvements, all rolled into one mortgage. For those searching “VA renovation loan benefits,” “100% financing home loans,” or “VA home improvement options,” this program delivers flexibility and affordability to build equity fast. Discover how to renovate your dream home today with a VA Renovation Loan!

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