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HomeStyle Renovation loans may be eligible for representations and warranties relief once the renovation has been completed and recourse removed. NOTE: Lender approval is required to deliver HomeStyle Renovation loans to fannie mae prior to completion of the work. Lenders must have two years of direct
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Buy the house with a HomeStyle Renovation Loan and get the funds you need to finance the mortgage and cover the costs of repairs or renovation. The challenge with buying and making improvements a little at a time means you’re living in a substandard home for years (popcorn ceilings, wood paneling, bathroom carpet).
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