For buyers looking at homes that need work—or current homeowners dreaming of a remodel—the Fannie Mae HomeStyle® Renovation Loan offers a powerful, all-in-one financing option. Instead of taking out a separate loan or draining your savings, this program lets you roll the renovation costs into a single mortgage.

For existing homeowners, refinancing into a HomeStyle® Renovation loan allows you to tap into your home’s future value—not just current equity—to fund renovations big or small. Whether you're upgrading your kitchen, adding a bedroom, or modernizing a fixer-upper, this single-loan solution helps you finance both your current mortgage and your desired improvements in one easy process.

The HomeStyle loan combines the purchase price and renovation costs into one loan, which means you can finance updates like new flooring, a kitchen remodel, or even an addition—all right from the start. This is a major win for first-time buyers who want to customize a home without dipping into savings for renovations after closing.