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What are Different Kinds of Renovation Mortgages?

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Fannie Mae and the Federal Housing Administration (FHA) both offer home renovation mortgages. They allow you to borrow based on what the house is expected to be worth after the home rehab is complete.

There are three affordable renovation loans available to current home owners and future home buyers:

FHA’s 203k
Fannie Mae’s Home Path
Fannie Mae’s HomeStyle

Learn more about second mortgages and how they can be used to tap into your equity for home renovations.

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