— HOMESTYLE RENOVATION
HomeStyle
Renovation Loan
Conventional renovation financing that allows you to purchase or refinance and improve a property with a single mortgage in Hawaii and other markets where Pacific Home Loans is licensed.
— ABOUT HOMESTYLE RENOVATION
Hawaii HomeStyle
Renovation Loan
The HomeStyle Renovation Loan is a conventional mortgage program that allows qualified borrowers to finance both the purchase (or refinance) of a property and the cost of renovations in one loan.
Structured through Fannie Mae guidelines, this program provides flexibility for homeowners and investors looking to improve properties across Maui, Oahu, Kauai, and the Big Island.
Pacific Home Loans offers HomeStyle Renovation financing for eligible primary residences, second homes, and investment properties in Hawaii.
Multi-State Availability
Pacific Home Loans provides HomeStyle Renovation financing in multiple states, including Hawaii, California, Nevada, and other markets where we are licensed.
While this page focuses on Hawaii-specific guidance, HomeStyle Renovation programs may be applied to transactions in other states based on borrower eligibility, property type, and program guidelines.
— HOMESTYLE RENOVATION OPTIONS
How the HomeStyle
Renovation Loan Works
The HomeStyle Renovation Loan combines property purchase or refinance, renovation costs, and improvement budget into a single mortgage. Renovation funds are held in escrow and disbursed as work is completed, subject to lender guidelines, contractor requirements, and inspection milestones.
Eligible Renovations:
- Kitchen and bathroom remodels
- Roof replacement
- Structural repairs
- Energy efficiency upgrades
- Flooring and interior improvements
- Landscaping and exterior enhancements
- Room additions (subject to guidelines)
Luxury improvements may be allowed within program limits. All renovations must be completed by licensed contractors.
Occupancy Options:
- Primary residences
- Second homes
- Investment properties
— HOMESTYLE RENOVATION FINANCING
HomeStyle® Renovation
Financing
HomeStyle vs FHA 203(k)
HomeStyle: conventional, available for second homes and investment properties, may allow luxury improvements, follows conventional credit guidelines. FHA 203(k): government-backed, primarily for primary residences, FHA mortgage insurance applies.
When HomeStyle May Not Be the Best Fit
For major structural rebuilds, ground-up construction, or land acquisition without an existing structure, a Construction-to-Permanent loan may be more appropriate.
