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​HomeStyle Renovation Loans

for Victims of Hurricane Harvey

If you have experienced damage as a result of Hurricane Harvey, the Fannie Mae HomeStyle loan could be an excellent option to make needed repairs. The HomeStyle renovation mortgage provides a convenient and economical way for borrowers to make repairs and improvements rather than more costly methods of financing.

HomeStyle Loan Features

  • Up to 95% Loan-to-Value based on "as completed" value
  • Improvements up to 50% of the appraised value
  • Principal residences, one to four units
  • One-unit second homes
  • Single unit investment properties
  • 15 and 30 year fixed rate terms or adjustable rate
  • Include a range of costs in the loan, such as:
    • Architects or designer expenses
    • Energy efficient assessments
    • Engineering and design updates
    • Required inspections
    • Permit Fees
  • Historically low rates
  • Work must be done by a lender-approved contractor 

Ready to talk with a loan officer?

 

Spring, TX Loan Officers

or call us at 281.210.1250

Ready to talk with a loan officer?

View Loan Officers

or call us at 281.210.1250

© Copyright 1997-2017 Colonial Savings, F.A. All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.

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