Homestyle Renovation

Purchase or refinance option for any renovation project such as design updates or improvements, and even renovating accessory units like in-law suites or basement apartments. HomeStyle Renovation is a conventional mortgage that lets borrowers finance improvements, renovations or repairs to a home at the time of purchase or as a refinance transaction—up to 75% of the as-completed appraised value of the property.*

*The limit on eligible renovation funds is up to 75% of the lesser of the purchase price plus renovation costs, or the “as-completed” appraised value for purchase transactions; and 75% of the “as-completed” appraised value for refinance transactions. For manufactured housing, the eligible renovation funds capped at the lesser of $50,000 or 50% of the “as-completed” appraised value. HomeStyle and HomeReady are registered trademarks of Fannie Mae.

Portfolio

Credit Unions can help you with a home loan that fits your needs. Credit Unions understand that loans are more about the person than the numbers; having a lower credit score or previous foreclosure doesn't have to be something that will automatically disqualify you. Qualifying is easier than you think and FocusOne can help.

100% Financing

• Purchase transactions only

• No down payment required

• 3% seller contribution allowed

• Primary residence one unit, SF and condo only

• 30 year term, fixed rate or 5 year ARM only

Bank Statement Program

• Conforming products only

• Purchase or rate & term refinancing only

• No mortgage insurance

• Primary residence one unit, SF and condo only

• 24 months of bank statements required

Refi-Plus Renovation Loans

With our Refinance-Plus Renovation loans you have the opportunity to include a new pool, outdoor living or kitchen areas, interior kitchens, baths and flooring to be funded as part of the refinance of your existing loan without it being considered a Texas Cash-Out and up to a maximum LTV of 95% of appraised value*.

*Primary residences only. Rules and restrictions apply. Please contact a FocusOne Representative for more informaiton.

HomeReady® by Fannie Mae

For those first time home buyers with modest savings, HomeReady mortgage can be a great option.  Thanks to features like a low down payment, cancellable mortgage insurance* and more, homeownership can be affordable. Ask us if HomeReady mortgage is right for you. Find out more at MyHomeReady.com.

*Restrictions apply.

Cash Out Refinance Loans

As a homeowner, you can use your home's equity to leverage the value you've built through years of mortgage payments. 

• Consolidate Debt and Reduce your outgoing cash flow

• Take a Vacation

• Home Improvement

• Pay for college tuition and Expenses

• Emergency Expenses

• Wedding Expenses

• Investment Opportunities

• Business Expenses

• Retirement Income