Yes — HomeStyle® can renovate a second home when conventional occupancy, down payment, reserves, and after-improved LTV guidelines are met.
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Yes. HomeStyle can finance purchase or refinance renovations on a second home when conventional second-home occupancy, down payment, reserves, and after-improved LTV guidelines are met.
Lake houses, condos near family, and future retirement homes often need roofs, kitchens, HVAC, or cosmetic updates before you can enjoy them. HomeStyle folds those eligible upgrades into one conventional loan instead of paying cash after closing.
Occupancy is the gatekeeper: the property must be for your personal use part of the year — not a full-time rental marketed to tenants. Mislabeling investment use as second home is a common underwriting failure.
Ryan and Steve size after-improved LTV, dual-housing reserves, and contractor bids so the second-home remodel clears conventional HomeStyle guidelines before you go under contract.
Related occupancy and renovation guides.
Share occupancy intent, cash available, and contractor scope — Ryan & Steve will run HomeStyle second-home numbers against investment alternatives.
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.