Is It Worth Doing It Yourself? Fannie Mae HomeStyle Can Help You

Is It Worth Doing It Yourself? Fannie Mae HomeStyle Can Help You

By Leesa Sandoval | Fannie Mae Homestyle

Jul 05

Hello to all the life hackers who have tried to do it all on their own when their house screamed: "I need a makeover".

The sense of self accomplishment with the potential of saving money, there are thousands of people with the same mentality as you out there. 

To all those DIY homeowners, before you start picking up the drill, consider how much is it really worth your time and money? A work done wrong could cost you twice as much in the future, besides all the dangers you could be exposed to when trying to perform such renovations yourself. 

It's true that at the end of the day the best idea is to leave it to the professionals. One of our latest projects done in Houston, Texas is living proof. 

The homeowner started the renovations around the house by himself, but then decided not to fund it all on his own. So then, we jumped into his project by executing a refinance and renovation loan through Fannie Mae HomeStyle. ​

HomeStyle Loan Numbers

Bid Amount




After Improved Value


Check below for details of the work: 



  • New kitchen cabinets and drawer panels 
  • Marble/granite counter tops
  • New gas line and cooktop
  • Tile backsplash
  • New gas line and cooktop
  • Wine rack above microwave
  • Add can lights and smooth out ceiling texture


  • New wood floors 
  • Base and crown molding 
  • Can lights in living, dining, and office
  • Door replacement
  • Cover brick fireplace 
  • Insulation in wall and close wall up


  • Close off door from master bath into 2nd bedroom
  • New vanity and sink with faucets
  • Remove drywall as necessary
  • Tile floor
  • New can lights and vanity lights 
  • Move and add new shower head

Guidelines for Fannie Mae HomeStyle:

Renovations can include interior and exterior repairs and cosmetic improvements such as the items listed below: 

  • Roof repair or replacement
  • Updated finishes and flooring
  • Electrical or plumbing repair or replacement 
  • Paint
  • Fences, decks, lanscaping
  • Kitchen appliances
  • In-ground swimming pools
  • Detached buildings, such as a detached garage and/or cabana

Renovations cannot consist of: 

  • Guest houses
  • Non-Kitchen appliances (e.g. washer and dyer, etc.)
  • Tear Down/Rebuild is not eligible under HomeStyle Renovation

Did you know this about Renovation Loans?

A renovation loan can help you finish out a property that isn't 100% completed on the inside. A FannieMae HomeStyle loan is perfect for this scenario since you can borrow up to 50% of the "as completed" value rather than the current value of the property. 

About the Author

• Leesa Sandoval • 972.725.9110 ⇒ I have been a Mortgage Loan Consultant in Dallas, TX for over 13 years, and I specialize in FHA 203k Rehab Mortgage Financing .....(Read Full Profile)

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