anyone have information on fannie mae home style program?

Asked by Arranger, Monroe, MI Thu Aug 13, 2009

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Tony Grech’s answer
Tony Grech, Mortgage Broker Or Lender, Southfield, MI
Wed Aug 19, 2009
I know some details of the program, however not sure if any lenders in Michigan are offering it. I know we used to but stopped doing them here. Probably because the typical loan size was very small and the income generated vs. the extreme amount of work to get one closed was pretty paltry.

The guidelines and process is pretty similar to FHA 203k. It can be a nightmare though if the originator is not well versed in the program

Best of luck
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