Comparison Chart Fannie Mae Homestyle V FHA203K

Here is a basic comparison between these two renovation mortgages.

Fannie Mae Homestyle
5% Down Payment for Primary Residence
5% Down Payment for Primary Residence
10% Down Payment for Second Home
10% Down Payment for Second Home
15% Down on Investment Properties
15% Down on Investment Properties
Co-signor OK
Co-signor OK
Loan Amounts to $424,100
Loan Amounts to $424,100
Maximum 50% Renovation
Maximum 50% Renovation
Add a Pool
Add a Pool
FHA 203K Mortgage
3.5% Down Payment
3.5% Down Payment
No Second Home
No Second Home
No Investment Properties
No Investment Properties
Co-Signor OK
Co-Signor OK
Loan Amounts Vary per County
Loan Amounts Vary per County
No Maximum on Renovation
No Maximum on Renovation
Repair a Pool
Repair a Pool