Philadelphia HomeStyle Loan Contractor

Maximize Your Home’s Potential with a HomeStyle Loan in Philadelphia!

As a leading certified 203(k) contractor in Philadelphia, we have expanded our expertise to include HomeStyle Loans, offering even more options to bring your dream home to life. Our dedicated team is here to guide you through every step of the process, ensuring your renovation journey is smooth, successful, and stress-free!

Ready to Elevate Your Living Experience?

At Matrix, we understand that your home should reflect your unique style and personality. We help you to turn your renovation dreams into reality, whether it is updating a kitchen that deserves a modern touch, transforming an outdated bathroom into a spa-like retreat, or revitalizing your entire living space. You can do it all with a HomeStyle Loan in Philadelphia! 

With Our Expertise and Your Vision, the Possibilities are Endless.

Why Choose Us?

Here are some reasons you should choose us as your HomeStyle Loan Contractor:

1. Serving Philadelphia and parts of New Jersey, we have an in-depth understanding of the local market, regulations, and architectural nuances, ensuring your renovation seamlessly fits within the regional context.
2. Navigating the paperwork and financial aspects of a renovation can be overwhelming. Matrix is here to support you with expert guidance.
3. We connect you with lenders who understand your needs and can offer suitable HomeStyle Loan options.
4. Our team of experienced professionals excels in providing accurate project estimates. You will clearly understand the costs involved, allowing you to confidently plan your renovation.
5. Renovations are exciting but also challenging. Count on Matrix to provide valuable tips and tricks to help you make informed decisions, avoid common pitfalls, and maximize your investment.
6. With a track record of successful 203(k) projects and a growing portfolio of HomeStyle Loan renovations, Matrix Construction has earned a reputation for excellence, reliability, and transparency.

Matrix Company Solutions Corp., We Don’t Just Renovate Spaces – We Create Dreams.

Contact Us Today!

Now’s the time to turn your renovation aspirations into a tangible reality.  Our expertise, commitment to quality, and dedication will ensure you are happy with your renovation.  Trust us to accompany you with your HomeStyle Loan Renovation in Philadelphia.

Ready to redefine your home’s story?  Call us today at (215) 501-7566 or use our FREE Consultation Service. Let’s discuss your ideas, explore your home’s potential, and embark on a truly transformative renovation.

Your Journey to a More Stylish, Vibrant, and Comfortable Home Starts Now!

Frequently Asked Questions

1. What is a Fannie Mae HomeStyle Loan?

The Fannie Mae HomeStyle Loan is a conventional loan that offers homeowners and homebuyers opportunities to finance a home’s purchase and renovation. 

2. What is the Required Credit Score for a HomeStyle Loan?

Typically, a minimum credit score of 620 is required to qualify.

3. What is the Required Down Payment for a HomeStyle Loan?

The required down payment for a HomeStyle loan depends on the number of units in the property, the type of property, and the borrower’s eligibility for certain programs.

For a single-unit primary residence, first-time homebuyers and those eligible for the HomeReady mortgage can qualify for a 3% down payment. Others need to put a minimum of 5% down.

4. What Renovation Projects are Permitted with a HomeStyle Loan?

HomeStyle loans can be used to finance a wide range of renovation projects, from simple repairs and energy updates to landscaping and luxurious enhancements. This includes both cosmetic and structural improvements. However, it cannot be used to remove the entire shell of the dwelling down to the foundation and reconstruct the home..

5. What Properties are Eligible for a HomeStyle Loan?

• 1- to 4-unit primary residence 
• 1-unit second home  
• 1-unit investment property, 
• Manufactured Housing 
• 1- unit in an eligible Planned Unit Development (PUD) such as townhouses or condominiums. 

6. Is Mortgage Insurance Premium (MIP) Required for a HomeStyle Loan?

If the down payment is less than 20%, MIP is required.  There will be a monthly premium but no upfront MIP fee. After 12 years or when the home has at least 20% equity, the monthly premium can be removed.