Conventional Renovation Loan
Want to buy a home in Utah, Texas and make improvements right away—without taking out a separate construction loan? A Conventional Renovation Loan, also known as a Fannie Mae HomeStyle loan, lets you finance both the purchase price and renovation costs in a single mortgage. Perfect for Utah buyers who want modern updates or plan to personalize a property.
Key Features
✔ One Loan for Purchase & Renovation – Combine the cost of buying and remodeling your Utah home.
✔ Low Down Payment Options – As little as 3% down for qualified first-time buyers.
✔ Flexible Property Types – Primary residences, second homes, and even investment properties in Utah or DFW suburbs may qualify.
✔ Wide Range of Renovations – Cosmetic updates, major structural changes, energy upgrades, and more.
Eligible Renovations
✔ Kitchen and bathroom overhauls
✔ Roofing, HVAC, and electrical upgrades
✔ Room additions or exterior improvements
✔ Luxury upgrades such as pools or outdoor kitchens (subject to loan limits)
Eligibility & Guidelines
✔ Minimum credit score typically 620 or higher.
✔ Debt-to-income ratio usually under 45%.
✔ Work must be performed by licensed contractors and approved by the lender.
✔ Fannie Mae loan limits apply to total loan amount.
Ideal For
✔ Utah homebuyers seeking a move-in ready look without paying top market price.
✔ Investors or second-home buyers renovating properties in Utah or the DFW area.
✔ Current homeowners refinancing to update or expand their Utah home.
Why Supreme Lending Utah
Our Utah mortgage experts specialize in renovation financing and guide you through every step—from contractor bids to final inspection—so your project stays on time and on budget.
Next Steps: Reach out to Supreme Lending Utah to learn how a Conventional Renovation (HomeStyle) Loan can help you purchase and improve a property in Utah, Texas, all with one easy mortgage.