Homeowner has owned this property for 10 years in a rapidly growing city. The home needed some foundation work and homeowner decided to make some updates to the interior as well since this program allows for necessary repairs and desired renovations Below we'll share some useful information regarding the utilization of a Fannie Mae Homestyle Renovation mortgage refinance..
Type of Renovation: Homestyle Renovation
Purchase Price: $0.00
Bid Amount: $45,413.00
After Improved Value: $222,000.00
Using the Fannie Mae Homestyle Renovation mortgage homeowner had the following performed:
Remove and replace kitchen cabinets, install new level 1 granite countertop, install new under mount stainless steel sink and faucet, new tile backsplash, repair/replace drywall throughout, interior paint, remove and replace flooring and baseboards throughout, install new irrigation system, replace wood rot throughout, new accent strip in master bathroom, acid clean all tile and grout in master bath, demo brick on fireplace and replace with new stone from floor to ceiling, install new mantle and foundation repairs.