Buy the Home You Want. Transform It Into the Home You Love.
The perfect home isn’t always move-in ready—and that’s okay.
With a Fannie Mae HomeStyle® Renovation Loan, you can finance both the purchase (or refinance) of a home and the cost of renovations with a single conventional mortgage. Whether you’re dreaming of a modern kitchen, replacing an aging roof, or completely transforming a fixer-upper, Jet Direct Mortgage can help you finance your vision from day one. The program is designed for borrowers purchasing or refinancing existing homes and allows a wide range of permanent improvements through one mortgage.
Our renovation lending specialists will guide you through every step—from pre-approval to project completion—making the renovation financing process as smooth as possible.
Ready to Start the Renovation Loan Process?
A HomeStyle Renovation Loan is a conventional mortgage backed by Fannie Mae that lets qualified borrowers combine the cost of purchasing or refinancing a home with renovation expenses into one loan.
Instead of taking out separate financing after closing, the renovation costs are included in your mortgage, giving you:
- One application
- One closing
- One monthly mortgage payment
- One financing solution
This can make it easier to purchase homes that need updating or improve your current home without juggling multiple loans.
Why Choose a HomeStyle Renovation Loan?
Finance Your Dream Home
Don’t pass on the perfect location just because the kitchen is outdated or the bathrooms need work.
Purchase a home based on its potential, not just its current condition.
One Loan Instead of Multiple Loans
Rather than paying out of pocket or applying for a separate home improvement loan, your renovation costs are financed directly into your mortgage.
Conventional Loan Benefits
Because HomeStyle is a conventional mortgage, qualified borrowers may enjoy competitive interest rates and the ability to remove private mortgage insurance (PMI) once equity requirements are met, depending on the loan structure.
Increase Your Home’s Value
Many renovations can increase both your home’s enjoyment and long-term value.
What Can You Renovate?
One of the biggest advantages of the HomeStyle Renovation Loan is flexibility.
Eligible improvements may include:
Interior Improvements
- Kitchen remodels
- Bathroom renovations
- Flooring replacement
- Interior painting
- Finished basements
- Open floor plans
- New cabinetry
- Countertops
- Lighting upgrades
Structural Improvements
- Roof replacement
- Foundation repairs
- Room additions
- Garage construction
- New windows and doors
- Plumbing upgrades
- Electrical improvements
- HVAC replacement
Exterior Improvements
- New siding
- Landscaping
- Patios
- Decks
- Driveways
- Walkways
- Retaining walls
- Fencing
Energy-Efficient Upgrades
- Energy-efficient windows
- Insulation
- Solar-ready improvements
- Smart home technology
- High-efficiency HVAC systems
Accessibility Improvements
- Wheelchair ramps
- Wider doorways
- Walk-in showers
- Aging-in-place modifications
Many permanently attached improvements are eligible, including repairs, remodeling, additions, landscaping, accessory dwelling units (where permitted), and resiliency upgrades.
Who Is Eligible?
HomeStyle Renovation Loans may be a great fit for:
- First-time homebuyers
- Repeat homebuyers
- Current homeowners refinancing to renovate
- Buyers purchasing fixer-uppers
- Homeowners looking to modernize an older home
Loan approval depends on factors including:
- Credit history
- Income
- Assets
- Debt-to-income ratio
- Property eligibility
- Loan limits
Our renovation loan experts can review your situation and help determine whether a HomeStyle Renovation Loan is the right solution.
How the Process Works
Step 1: Get Pre-Approved
Meet with a Jet Direct Mortgage renovation lending specialist to determine your purchasing power.
Step 2: Find the Right Property
Choose a home with potential—not just perfection.
Step 3: Build Your Renovation Plan
Work with your contractor to create a detailed scope of work and renovation budget.
Step 4: Appraisal
The home is appraised based on its projected value after the planned improvements are completed.
Step 5: Close Your Loan
Purchase or refinance the home while financing the approved renovations.
Step 6: Complete the Renovations
Funds are managed through a renovation escrow account and distributed as work progresses according to program requirements.
Why Choose Jet Direct Mortgage?
Renovation loans require experience.
Our dedicated renovation lending team helps simplify the process by working closely with borrowers, contractors, and real estate professionals from application through project completion.
When you work with Jet Direct Mortgage, you’ll receive:
- Dedicated renovation loan specialists
- Personalized guidance
- Competitive financing options
- Fast communication
- Experienced support throughout your renovation
Whether you’re purchasing your first fixer-upper or renovating your forever home, we’re here to help.
Frequently Asked Questions
Can I buy a fixer-upper with a HomeStyle Renovation Loan?
Yes. Many borrowers use HomeStyle Renovation Loans to purchase homes that need repairs or updating while financing those improvements through their mortgage.
Can I refinance my current home?
Yes. Eligible homeowners may refinance their existing mortgage and include renovation costs in the new loan.
Can I finance luxury upgrades?
Many cosmetic improvements are eligible as long as they become permanent parts of the property and meet program guidelines.
Do I need a contractor?
Most renovation work is completed by approved contractors, although limited do-it-yourself work may be permitted on certain one-unit owner-occupied properties, subject to lender review and program requirements.
Is there a minimum renovation amount?
No. The HomeStyle Renovation program does not require a minimum dollar amount for eligible renovations.
Ready to Build Equity Through Renovation?
Don’t let outdated finishes or needed repairs keep you from buying the home you really want.
A Fannie Mae HomeStyle® Renovation Loan can help you finance both your home purchase and the improvements that make it uniquely yours.
Contact Jet Direct Mortgage today to speak with one of our renovation lending specialists and learn whether a HomeStyle Renovation Loan is right for you.