Homestyle renovation loans

2 Replies

Good afternoon,

I am brand new to the world of Real estate. I wanted to give the BRRRR strategy a shot and throughout my research I came across: the homestyle renovation loan. Is it possible to use that loan in conjunction to BRRRR. Please advise

According to the Fannie Mae Selling Guide for that loan, for purchase transactions, the loan-to -value (LTV) ratio is based on the lesser of: 1) purchase price and cost of renovation, or 2) the " as completed" appraised value.

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