Refinance into HomeStyle® to roll renovations into one conventional loan — after-improved value, escrow draws, and limited cash-out options.
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Yes. HomeStyle refinance lets you replace your existing mortgage and roll eligible renovations into one new conventional loan — sized on after-improved value with rehab funds held in escrow.
If you already own the home and have equity, HomeStyle refinance can fund kitchens, systems, additions, and other eligible work without a separate personal loan or waiting to save cash for every phase.
Underwriting still follows conventional refinance rules — credit, income, occupancy, and LTV — plus renovation documentation: contractor bids, after-improved appraisal, and a completion timeline.
Ryan and Steve compare HomeStyle refinance with a rate-and-term refi plus cash, a HELOC, or FHA options so you are not overpaying for convenience.
*Subject to conventional occupancy, LTV, and reserve guidelines.
Related refinance and renovation guides.
Share your payoff, equity estimate, and remodel scope — Ryan & Steve will compare HomeStyle refinance with HELOC and rate-and-term options.
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.