Home-Style Loan Program:
Allowable property types are; primary residence, second
homes, and investment properties.
*Attached homes, detached homes, and town homes
One to Two Unit Properties
* Multi-unit properties are acceptable and usually
projected rental income can be used to help qualify for the higher loan amount
*Condominium- Renovation improvements are
limited to the interior of the unit.
Convert a One Unit to a Two Unit Property
*This scenarios is an excellent opportunity to convert
the basement into a legal income producing unit.
Second Home Residences - One unit
*Attached homes, detached homes, or town homes
Investment Residences – One Unit
* Attached homes, detached homes, and town homes. Loan
amount cannot exceed $417,000