A Homestyle® Renovation Mortgage provides a convenient way for borrowers to make renovations, repairs, or improvements .

An HSR Mortgage totals up to 50 percent of the as-completed appraised value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly financing method. Eligible borrowers include individual home buyers, investors, nonprofit organizations, and local government agencies. [Read more…]