Documents required for HomeReady® HomeStyle® — income, AMI, gifts, contractor bids, insurance, education, and rehab escrow paperwork.
HomeReady® HomeStyle® Documents | The 2 Mortgage Guys
Documents required for HomeReady® HomeStyle® — income, AMI, gifts, contractor bids, insurance, education, and rehab escrow paperwork.
What Documents Are Required?
Core Checklist
Why the Rehab Stack Matters
Docs Snapshot
Situation-Specific Add-Ons
Keep Exploring
Frequently Asked Questions
Want Your Exact Document List?
Expect a conventional income and asset package, HomeReady AMI and occupancy documentation, plus renovation extras: contractor bids, licensing, insurance, and a scope that supports after-improved value within the 75%/50% repair caps. Having the rehab stack ready is what separates a fast close from a stalled one.
Four buckets every HomeReady HomeStyle file usually covers.
HomeReady HomeStyle sizes the loan on after-improved value and must clear DU Approve/Eligible — manual underwriting is not permitted. Vague scopes, missing insurance, or bids that blow the 75% (or 50% manufactured) repair cap stall the file even when income looks fine.
Consultant states (Alaska, California, Hawaii, New York) may add renovation consultant write-ups. Everywhere else you still need draw-ready bids that support five inspections plus final 1004D within 15 months.
Ryan and Steve send a personalized checklist so AMI docs, education certificates, and contractor packages land together — not in three separate fire drills.
Qualification, gifts, and contractor guides for this program.
Ryan & Steve build a HomeReady HomeStyle checklist for your income, AMI, and rehab scope at Luminate Bank.
HomeReady and HomeStyle are registered trademarks of Fannie Mae. All loans are subject to credit and property approval. Program guidelines, income limits, LTV limits, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by Fannie Mae, HUD, or any government agency. Information is for educational purposes only and is not a commitment to lend.
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