Call 888-543-5510
First Reliance Bank

HomeStyle® Renovation Mortgage


The HomeStyle® Renovation mortgage permits you to include financing for home improvements in a purchase or re-finance transaction of an existing home.   It’s a convenient way for you to make renovations, repairs, or improvements totaling up to 75 percent of the as-completed appraised value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other more costly financing method.

“With renovation loans, the buyer can do light to moderate repairs – such as kitchen or bathroom renovations, flooring, roofing, electrical, and plumbing repairs – all the way up to major renovations like room additions and foundation repairs,” Chuck Stuart, Executive Vice President of First Reliance Mortgage.

Borrower Benefits

  • Cost-effective way to renovate or improve a home
  • Loan amount based on “as-completed” value of the home or the cost basis (purchase money loans), whichever is less
  • Single mortgage means lower closing costs and typically a lower interest rate on a first mortgage

First Reliance Mortgage prides itself on providing accessible and feasible financial resources and mortgage products to homebuyers. Please contact one of our loan officers to determine if you are eligible for a HomeStyle® Renovation Mortgage.

Call 888.543.5510 and ask to speak to a Residential Lender in your area.

Apply online using a PC or your mobile device click here then click on Apply Now in the left menu bar to get started.

*Loans subject to credit approval and eligibility requirements.  The HomeStyle® Renovation product is a product of Fannie Mae.  Other requirements and restrictions may apply.  Please request complete product requirements from one of First Reliance Mortgage Residential Lenders.