See who qualifies for HomeStyle® — conventional credit, LTV on after-improved value, occupancy rules, and renovation scope requirements.
Who Qualifies for a HomeStyle® Renovation Loan? | The 2 Mortgage Guys
See who qualifies for HomeStyle® — conventional credit, LTV on after-improved value, occupancy rules, and renovation scope requirements.
Who Qualifies for a HomeStyle® Renovation Loan?
The Five Qualification Pillars
Typical HomeStyle Guidelines
Occupancy & Equity Rules
How We Qualify You Before You Write the Offer
Keep Exploring
Frequently Asked Questions
Find Out If You Qualify for HomeStyle
HomeStyle qualification follows conventional underwriting through Desktop Underwriter — DU Approve/Eligible only; manual underwriting is not permitted — plus credit, income, assets, occupancy, and LTV against after-improved value, and renovation-specific requirements like contractor bids and a completable scope of work.
Underwriters evaluate the borrower and the renovation plan together — weak credit or an unrealistic scope can stop a file even when the property itself qualifies.
These are educational snapshots — Luminate Bank overlays and current Fannie Mae selling guides control your actual approval.
Your intended use of the property drives down payment, reserve requirements, and maximum LTV on the after-improved appraisal.
Ryan and Steve front-load the renovation review so you know whether HomeStyle clears before you commit to a rehab-heavy contract.
Step
Send your credit snapshot, income docs, and contractor bids — we will confirm conventional rehab eligibility before you go under contract.
HomeStyle is a registered trademark of Fannie Mae. All loans are subject to credit and property approval. Program guidelines, LTV limits, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by Fannie Mae, HUD, or any government agency. Information is for educational purposes only and is not a commitment to lend.
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