The Fannie Mae Homestyle Loan is designed to be versatile and covers a broad range of renovations, both structural and cosmetic. However, there are certain restrictions and guidelines that borrowers should be aware of. The renovations must contribute to the property’s value and structural integrity, and they should be permanently affixed to the property.

Typically, eligible renovations include kitchen and bathroom remodels, room additions, new appliances, HVAC system upgrades, roofing, and other improvements that enhance the property. Luxury items that are not considered permanent, such as outdoor swimming pools, may not be eligible.