Expect a standard conventional income and asset package plus renovation extras: contractor bids, licensing, insurance, and a scope that supports the after-improved appraisal. Having the rehab stack ready is what separates a fast HomeStyle close from a stalled one.
Four buckets every HomeStyle file usually covers.
01
Pay stubs, W-2s or tax returns, ID, and authorization for a full credit pull.
02
Bank statements, gift letters if used, and reserve proofs for second homes or investments.
03
Purchase agreement or refinance docs, HOA info for condos, and insurance quotes.
04
Licensed bids, contractor insurance, scope of work, and permits or plans when required.
HomeStyle is not a standard purchase with a vague remodel wish list. Underwriters and appraisers need line-item bids that match the financed scope — so escrow draws have a clear pay schedule and after-improved value has market support.
Missing insurance certificates, unsigned bids, or DIY scopes without a licensed contractor are the most common document delays after credit is already approved.
Ryan and Steve send a tailored checklist for purchase vs refinance and primary vs investment so you upload once — not in three confusing rounds.
All pages, including blank ones — missing pages trigger conditions every time.
Appraisal scope, escrow amount, and contractor totals must tell the same story.
Source large deposits early with gift letters or transfer trails.
Certificates must be current through the projected work period.
Related qualification and contractor guides.
Credit, LTV, and underwriting basics.
Licensing and bid packages lenders review.
After-improved value docs and scope.
Conventional score tiers for HomeStyle.
When this program fits your project.
Full program overview and guide directory.
You can start pre-approval with income and credit documents first. For a full HomeStyle commitment that includes rehab dollars, underwriters need licensed contractor bids and a clear scope that matches the after-improved appraisal plan.
W-2 wage earners often qualify with pay stubs and W-2s. Self-employed borrowers typically need tax returns and year-to-date profit-and-loss. Non-QM options may apply if traditional docs do not fit — Ryan and Steve will route you correctly.
Expect licensing, insurance certificates, signed bids with line items, and sometimes permits or plans for structural work. Multiple trades mean multiple packages that still add up to one coherent scope.
Yes — leases, rent rolls, or market rent estimates may be required, plus higher reserve statements. Occupancy affidavit and entity documents apply when an LLC is involved.
Start pre-approval and Ryan & Steve will send a HomeStyle checklist tailored to purchase vs refinance and your occupancy type.
HomeStyle is a registered trademark of Fannie Mae. All loans are subject to credit and property approval. Program guidelines, 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.