Details for Evergreen Home Loans

It’s your house. Make it your home.
At Evergreen, we know the importance of making a house a home. That’s why we’re
pleased to offer homebuyers the Fannie Mae HomeStyle® Renovation Mortgage.
HomeStyle provides a way to make repairs or improvements to a property so it can go
from a fixer-upper to a dream home. At Evergreen, we’re trained and certified in this
program and can provide eligible homebuyers with benefits that include:
• The ability to purchase or refinance a house, 2nd home or investment property and
the cost of repairs in a single first mortgage.
• Manufactured homes now eligible. 1
• Primary homes are allowed up to 97% LTV; second homes up to 90% LTV; and
investment homes up to 85% LTV.
• Any type of renovation or repair is allowed provided it’s permanently affixed. 2
• No minimum repair amount
• No requirements to live in the home during the construction. 3
• Mortgage Insurance is not for the life of the loan.4
Let us help you turn that house into the home of your dreams and a place where
memories are made. Call us today to find out more about a HomeStyle® Renovation
Mortgage.
Loan limits $510,400.00. Manufactured homes 5% down. Need a licensed and bonded contractor. Primary 3-5% down.
Second home 10% down. Investment 15% down. Max months of construction 9 months.
HomeStyle® is a registered trademark of Fannie Mae. 1. Standard LTV/CLTV limitations apply; maximum renovation cost is lesser of 50% “As
Completed” value or $50,000; structural changes prohibited. 2. The renovation costs are limited to 75% of the “As Completed” appraised
value. 3. For principle residences only with a maximum term of 6 months. If the property cannot be occupied during the renovation, an
escrow account for mortgage payments that may come due during the renovation period can be set up. 4. MI will be removed at 78% LTV.
Borrowers may request their lender/servicer remove mortgage insurance from their loan when the LTV is 80% or lower.

Andrea Price,

Jamie Fritzsche,

Brooke Buchheit,

Sales Manager

Loan Officer

Junior Loan Officer

NMLS 983751

NMLS 1030946

NMLS 1460570

2110 NE 36th Drive/ P O Box 139 • Lincoln City, OR 97367
Office Phone: (541) 418-5010 • Branch NMLS# 1484725
www.evergreenhomeloans.com/offices/lincoln-city-oregon
© 2020 Evergreen Home Loans is a registered trade name of Evergreen Moneysource Mortgage Company® NMLSID3182. Trade/
service marks are the property of Evergreen Home Loans. All rights reserved. Licensed under: Alaska Mortgage Broker/Lender
AK3182 and AK3182-1; Arizona Mortgage Banker 0910074; California Licensed by Department of Business Oversight under the
California Residential Mortgage Lending Act 4130291; Colorado Mortgage Company Registration; Idaho Mortgage Broker/Lender
MBL-3134; Nevada Mortgage Banker 3130; Nevada Mortgage Broker 4837; Licensed under the Oregon Consumer Finance Act ML3213; Washington Consumer Loan Company CL-3182; Wyoming Mortgage Lender/Broker 3467.

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