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Lender Alerts

Lender Alerts

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New Home Renovation Option: Fannie Mae's HomeStyle®

(Applicable to Wholesale Channel)

Dear Licensed Partner,

Sun West Mortgage Company, Inc. continues to offer Fannie Mae's HomeStyle® Renovation standard and High balance programs.

HomeStyle® Renovation allows borrowers to combine funds for home improvement with a conventional first mortgage, providing more flexibility and cost effective ways for your customers to renovate their dream home.

HomeStyle® Renovation loan program can be used for renovating primary residences (1-4 units) as well as second home (1 unit) and investment properties (1 unit) and is available with both purchase and limited cash out refinance transactions.

Parameter Fannie Mae's HomeStyle® Renovation
Occupancy Primary Residence (1-4 Units)
Second Home (1 Unit)
Investment Properties (1 Unit)
LTV (Loan-to-Value) Up To 97.00% (Up to 95.00% for High Balance program)
Mortgage Insurance Not Required, if LTV (Loan-to-Value) < 80.00%
LTV (Loan-to-Value) Basis Lesser of "As Completed Value" or "Purchase Price plus Rehabilitation Cost"
HomeStyle® is a registered trademark of Fannie Mae.

Click here to view the product guidelines.

For additional questions not answered by the guideline, please email Sun West's underwriting scenario desk at for more information.

If you have any questions, please call our Underwriting Hotline at (800) 241-7113.


Sun West Mortgage Company, Inc.

6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884

SW-1: Our No Overlays Program

This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.

Equal Housing Opportunity