Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

B8-5-03, HomeStyle Renovation Mortgage Documentation Requirements (06/05/2018)

Introduction

This topic contains information on HomeStyle mortgage documentation requirements.


HomeStyle Mortgage Documentation Requirements

This section describes Fannie Mae’s requirements for security instruments, notes, riders, and addenda for HomeStyle Renovation mortgages. In addition, Fannie Mae has developed other model documents for use in connection with HomeStyle mortgages. Because these documents are model documents, they may need to be amended for certain types of lenders or particular types of transactions.


HomeStyle Mortgage

The mortgage or an appropriate rider to the security instrument (“renovation loan rider to security instrument” or “security instrument rider”) must

  • grant the lender a security interest in any personal property (including building materials) located in, or on, or used, or intended to be used, in connection with the work, and

  • provide that a borrower default under the renovation loan agreement must constitute a default under the security instrument and the note, and

  • grant the lender an assignment of rents as additional security for the loan and the right to appointment of a receiver of rents if the property is held for rental purposes.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

B8-5-01, General Information on Special-Purpose Legal Documents (05/01/2019)

IntroductionThis topic contains information on special-purpose legal documents.  General InformationFannie Mae has specialized mortgage loan...

Read more

B8-5-02, Inter Vivos Revocable Trust Mortgage Documentation and Signature Requirements (10/31/2017)

IntroductionThis topic contains information on the mortgage documentation and signature requirements for inter vivos revocable trusts, including:...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.