Do you have a listing that won’t sell because the kitchen and bathroom are outdated? Does the home need new windows or flooring? Associated Bank may be able to help with Fannie Mae’s HomeStyle Renovation loan.
HomeStyle Renovation makes it easy to finance your home improvements as part of the first mortgage. Down payment as low as 5%. Competitive fixed rate and only one closing required. Borrow up to 75% of the as-completed appraised value of the property for renovations.
This loan program is eligible for primary residences, second homes and investment properties. Single family detached homes, condos, townhouses, PUDs, manufactured homes and 2-4 unit properties as well.
Borrower may choose their own general contractor to perform the renovation and Associated Bank will review the general contractor for acceptance. Renovation required to be completed within a 12-month period from the date of the mortgage.
You have a vision. Let Associated Bank help you realize that vision with a HomeStyle Renovation loan.