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Updated over 5 years ago,
The HomeStyle Renovation (HSR) mortgage from Fannie Mae
Has anyone tried or used the HomeStyle Renovation (HSR) mortgage (https://www.fanniemae.com/singlefamily/homestyle-renovation)? The loan says the amounts typically fund between 65% – 95% of a property’s purchase price and renovations. This means that typical down payments range from 5% – 35% of the loan amount. Has anyone dealt with these?