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HomeStyle Renovation Calculator: Estimate Payment & Cash To Close

If you’ve found the right house in the wrong condition, or you’re looking to customize a property before move-in, the Fannie Mae HomeStyle Renovation Loan may be your perfect financing solution. This program combines the purchase price and renovation costs into one conventional mortgage—allowing you to buy and build your dream home with a single closing.

Here’s how a Conventional Renovation HomeStyle Purchase Loan Calculator helps you estimate your monthly payment, cash to close, and eligibility.

Why Choose HomeStyle Renovation?

This program is ideal for:

  • Buyers who want to personalize a home before moving in
  • Investors purchasing a 1-unit rental property for renovation
  • Buyers priced out of fully updated homes in competitive markets
  • People who want one loan and one closing instead of separate financing for purchase and rehab

Unlike FHA 203(k), the HomeStyle loan allows luxury upgrades, pools, and even accessory dwelling units (ADUs), subject to approval and appraisal.

Final Thoughts

The HomeStyle Renovation Loan gives you the power to buy the property as-is and finance everything you need to transform it. With a single mortgage, you avoid the headaches of juggling multiple loans and timelines—while creating instant equity and long-term value.

Ready to Get Preapproved for Renovation Financing?

Our team can help you structure the loan, review contractor bids, and guide you through each phase—from offer to final draw. Let’s build something better—together.

Ready to Take Your First Step?

Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.

  • Takes just 5 minutes
  • Tailored results based on your answers
  • No credit check required
Take the Discovery Quiz

Need a Pre-Approval Letter—Fast?

Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.

  • Only 2 minutes to complete
  • Quick turnaround on pre-approval
  • No credit score impact
Get Pre-Approved Now

Got a Few Questions First?

Let’s talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.

Schedule a Call

Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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