|
 Fannie
Mae's HomeStyleŽ Mortgage, through American United, offers
borrowers of all income levels up to 90 percent financing for
the purchase or refinance and improvement of a home. Financing
is based on the "as-completed" appraised value of the home,
giving homeowners and homebuyers the opportunity to borrow
against future equity.
The
HomeStyleŽ Standard Mortgage can also be used for homes in good
condition as well. Homes that require improved landscaping,
expansions or upgrades can also take advantage of the benefits
of HomeStyleŽ
Benefits of the
HomeStyleŽ Mortgage
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Only one loan needed for the purchase or refinance AND
improvements - avoid costly construction loans
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No restrictions on types of repairs allowed
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Allows for more funds than traditional loan programs
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Home owners can take advantage of the AFTER improved equity
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Finance up to six months of mortgage payments during
renovation
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Owner occupants can borrow up to 90% of the after improved
value
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Investors can borrow up to 70% of the after improved value
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Available on one to four unit properties, condominiums and
planned unit developments (investor - single family only)
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No income or geographical restrictions
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Low fixed or adjustable rates available to qualified
applicants
Contact your
American United home improvement specialist at (800) 555-2035
for rates and terms in your area, or
apply-on-line. Any questions? Call American United today at
(800) 555-2035, or e-mail us at
info@americanunited.com. |
