An FHA 203k or Fannie mae HomeStyle Mortgage FHA 203k or Fannie mae Homestyle financing are two much the same government-sponsored money which might be usually utilized by potential housebuyers who need to help you at the same time financing the price of to find a separate household, near to launching cash and also make improvements. They can also be used to help you re-finance an existing house and add renovation expenses to your financial. This type of fund enable you to borrow secured on this new predict value of the family after work has actually finished in exactly the same way you to definitely a great RenoFi Financing do, therefore boosting your credit strength.