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Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

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The Arizona Fannie Mae HomeStyle program is intended for homebuyers who are interested in purchasing a home in need of moderate renovation or simply for homeowners who already own a Fannie Mae-approved home and would like to have it undergo renovations may try and qualify for additional funds through this program.

The two major types of renovation loans are the FHA 203(k) loan, insured by the federal housing administration, and the HomeStyle loan, guaranteed by Fannie Mae.

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What lenders are providing FHA 203K loans in Florida? Asked by Lorena Ortega, Casselberry, FL Wed Apr 1, 2009. Many banks are not doing FHA 203K loans in Florida because of the complexity and the follow up required on these kinds of loans however they are very convenient since most of the properties available for sale in the market are distressed ones.

What is a HomeStyle loan? A HomeStyle Renovation mortgage is a government-backed loan that allows qualified borrowers to add extra money for remodeling or improvements to an initial home purchase.

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Update on the Mortgage Market and Helpful Tips on Home Loans The mortgage market has definitely changed in the years following the financial crisis. Underwriting guidelines became much more stringent, requiring higher FICO scores and better credit histories in order to secure loans in many cases.

Saul Pinela is a proud and esteemed member of the residential mortgage lending community. His philanthropy is well documented, as he has continued to serve the Hispanic community he knows enabled him to become who he is today.

Title to the property must be held as fee simple, leasehold estate, or as a co-op form of ownership. (See B2-3-03, Special Property Eligibility and Underwriting Considerations: Leasehold Estates; and B4-2.3-04, Loan Eligibility for Co-op Share Loans, for additional information.)

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Loan terms and credit approval may vary depending upon loan amount. In determining your actual loan amount,, we will consider your ability to repay by looking at your income, debts, credit history and other financial obligations. Nationwide Home Loans, Inc. NMLS ID: 331347