A HomePath Renovation Mortgage allows a borrower to purchase a property that requires light to moderate renovation. The one loan amount includes both the funds for the purchase and renovation — up to 35% of the as completed home value, no more than $35,000.

  • Financing to fund both your purchase and light renovation
  • Renovation funds are borrowed as part of the purchase financing and held in escrow until the renovations are completed
  • No mortgage insurance required1
  • Flexible Terms:
    • Choose from a fixed-rate or adjustable-rate mortgage
    • Primary residence and investment property purchase transactions2

A Flagstar Bank lending expert can help you select the right loan and terms for your situation. Call a mortgage specialist at (855) 372-5626.

1Geographic and unit restrictions apply. Ask about cost details on loans without mortgage insurance.
2All properties must be designated by Fannie Mae on the HomePath website as eligible for HomePath financing.

Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. HomePath is a registered trademark of Fannie Mae.