Contractor Package - FannieMae Streamline Contractor Package - Consultant Contractor Package - 203k  

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Bid Requirements Submitted on the contractor's letterhead and include the contractor's contact information, name of company, name of primary contact, business address, telephone number, email and contractor's license number. Be issued to the [...]

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1-5 draws allowed No advances allowed; no materials draws allowed Proof of permits required Requests for use of contingency funds may be allowed with lender approval Work must be completed within 6 months of closing (loan amounts over[...]

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Two draws per contractor allowed 50% of the bid amount is disbursed 7-10 business days after closing Remaining 50% of bid amount is disbursed upon job completion Proof of permits is required No holdbacks on draws Requests for use [...]

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1-5 draws allowed per Work Write-up Materials draws allowed for cabinets, flooring, windows and roofing Proof of permits required 10% holdback on all draws, except the final draw Holdbacks are paid on final draw Requests for use of[...]

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There are no restrictions on the types of repairs as long as they are affixed to the property and add value. Funds can include: Fences Decks Landscaping In-ground pools

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1-4 unit owner-occupied principal residence 1-unit second homes 1-unit investment properties

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5% minimum down payment requirement for primary purchases 1-unit investment properties and second homes allowed 15% minimum downpayment for investment properties 10% minimum downpayment for second homes Costs such as architectural [...]

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The HomeStyle Renovation Mortgage is a financing option that lets buyers purchase or refinance and include the cost of repairs or upgrades.

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The Limited loan is for small scale projects not requiring a consultant or project manager. The loan is for projects where the owner can immediately occupy the house upon closing. Once work is complete, the contractor is paid. Eligible and [...]

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