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🛠️ Dreaming of the perfect home but worried about renovation costs? The Fannie Mae Homestyle Renovation loan, also known as the 'conventional rehab loan', is here to make your dreams a reality! 🌟 Why Choose This Loan? Minimal out-of-pocket investment for property renovations. Roll repair costs, appliances, and home improvements into one low monthly payment. Borrow up to 95% of the home's appraised value post-renovation. 📝 How It Works: Agree to purchase a home. Get quotes from contractors for renovations. Home is appraised based on its value after renovations. Close the deal, and renovation funds go into an interest-bearing escrow. Post-renovation, a final inspection is done, contractors are paid, and you step into your newly transformed home! 💼 Loan Benefits: Ideal for properties not in livable condition. Finance up to 50% of the completed home value. No required improvements or minimum repair amounts. 🏘️ Property Eligibility: 1-2 unit primary residences, single-family second homes, or investment homes. Must meet local zoning requirements. 🔄 Versatile Usage: Perfect for both home purchases and refinances. Transform your current or next home with ease. Interested in learning how the Homestyle Renovation Mortgage Loan can work for you? DM us for more info and start your journey towards creating your dream home today! 📩🏠 #HomestyleRenovationLoan #HomeImprovementFinance #MortgageSolutions #Efinity #EfinityMortgage

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