Features and benefits for borrowers and lenders  

With HomeStyle mortgages, flexible financing is just the beginning. We provide helpful resources for lenders to help simplify the mortgage process from a list of eligible energy improvements to a HomeStyle Renovation and Energy loan playbook.


Two HomeStyle mortgages. Numerous possibilities.

Get to know HomeStyle inside and out

HomeStyle Resources

HomeStyle Loan Lender Playbook helps simplify the mortgage process, providing guidance for originating and delivering HomeStyle Renovation and Energy loans.

HomeStyle Energy Eligibility outlines improvements and repairs that qualify for financing without requiring an energy report.

Maximum Mortgage Worksheet calculates the mortgage amount for a renovation or energy purchase or refinance transaction.

Special Lender Approval Form outlines requirements lenders need to meet to become approved to deliver HomeStyle Renovation loans prior to project completion.

The HomeStyle loan process: Support at every phase

*Contractor subject to lender review. HomeStyle Energy does not have a contractor acceptance requirement. For DIY requirements, visit the Fannie Mae Selling Guide.

Fannie Mae’s HomeStyle is a game-changer for our correspondent lenders. It expands home inventory and choices for borrowers, covers upfront repair costs to prevent post-purchase financial strain, and lets borrowers finance crucial improvements using as-renovated equity. With HomeStyle, you’re not just lending money; you’re giving borrowers the power to transform their homes and lives.

Answers to frequently asked questions about HomeStyle

No, Fannie Mae does not require the property to be habitable at the time of closing. If the home is not habitable, the borrower may finance up to six months of principal, interest, tax, and insurance payments to cover these costs while the home is uninhabitable.

If your borrower is planning on ENERGY STAR®- certified improvements, resiliency, water, or other energy upgrades, then the HomeStyle Renovation loan may be bundled with HomeStyle Energy. When combining these loans, lenders will qualify for a $500 LLPA credit. If ENERGY STAR-certified improvements are financed with HomeStyle Renovation, then the loan must be delivered with Special Feature Codes 773 and SFC 375 to receive the $500 LLPA Credit.

Energy reports are not required for ENERGY STAR-certified products, weatherization items, payoff of PACE loans, payoff of non-PACE energy-related debt, energy improvements related to renewable energy sources, radon remediation devices, and environmental hazard repairs. For additional information about when energy reports are required for HomeStyle Energy loans, see Selling Guide section B5-3.3-01.

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