Comparison Chart FannieMae Homestyle® V FHA203K

Here is a basic comparison between these two renovation mortgages.

Fannie Mae Homestyle

5% Down Payment for Primary Residence

5% Down Payment for Primary Residence

10% Down Payment for Second Home

10% Down Payment for Second Home

15% Down on Investment Properties

15% Down on Investment Properties

Co-signor OK

Co-signor OK

Loan Amounts to $424,100

Loan Amounts to $424,100

Maximum 50% Renovation

Maximum 50% Renovation

Add a Pool

Add a Pool

FHA 203K Mortgage

3.5% Down Payment

3.5% Down Payment

No Second Home

No Second Home

No Investment Properties

No Investment Properties

Co-Signor OK

Co-Signor OK

Loan Amounts Vary per County

Loan Amounts Vary per County

No Maximum on Renovation

No Maximum on Renovation

Repair a Pool

Repair a Pool