Picture of man installing window.

Homestyle® Renovation Mortgage

Financing for your fixer upper.

A HomeStyle® Renovation loan lets you finance both the purchase and renovation of a home in one loan, with one monthly payment, based on the home’s after‑renovation value.

The HomeStyle® Renovation Mortgage can be used for refinancing or purchasing a home. Our local mortgage bankers can guide you through the process.

Eligible Properties

  • 1-4 unit primary home
  • 1-unit investment home
  • 1-unit second home 
  • Condo FNMA eligible & PUD

Repair amounts

  • No minimum
  • Max renovation amount cannot exceed 75% of the as- completed value

Repair Types

  • New flooring, cabinets, fixtures, and finishes
  • Roofing, siding, windows, and doors
  • Plumbing, electrical, and HVAC upgrades
  • Painting and general repairs
  • Energy-efficient improvements and smart-home features
  • Backup generators and battery systems
  • Landscaping or site amenities acceptable
  • Other projects that may qualify

Loan-to-Value

  • Primary home 1-unit: 97% (borrower must be first-time home buyer), 2-Unit 85%, 3-4 Unit 75%
  • Second home 1-unit: 90%
  • Investment home 1-unit: 85%
Loans are subject to application and credit approval. Other terms and conditions apply.