HomeStyle Pool Program

 

Projects consisting of only a pool installation may follow the reduced requirements below. 
 

  • Reduced documentation and simplified process applicable when the project consists only of a pool, pool decking, and/or any fencing or netting immediately surrounding the pool. Materials draw available at closing lesser of $15,000 or 25% of the total project cost may be advanced at closing for material costs for items ordered and not yet paid for. 
  • Simplified bid requirements all work to be performed must be fully described, bids are not required to separate labor and material costs. 
  • Permits while permits must still be obtained and referenced, an itemized listing of all permits and their costs is not required. 
  • No holdback fund required will fund each draw in its entirety and not withhold 10% of the draw. 
  • 10% contingency reserve is required. 
  • A streamlined version of the Fannie Mae Homestyle® Program specifically for building a pool. 
  • Up to 95% LTV based on the lesser of subject-to appraised value or purchase price/refi costs + total cost of renovations. 
  • Primary and second homes only. 
  • Purchases or Refinances. 
 
 

Free Consultation

Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution.

Free Newsletter Signup

Need More information

Call Us: (972) 723-2611

Email Us: info@mamsw.com

 

Licensing Info:

NMLS # 317299

RMLO # 222329

 

Overlay logo + Eye Catcher