M&T's RENOVATION LENDING PROGRAM


Unique financing solutions that build Realtor relationships.

        • Help your customers buy and renovate a home in one easy step with combined purchase / home improvement financing
        • A great way to market distressed properties
        • Finance almost any type of home improvement
        • Expand your referral relationships to include home improvement contractors
        • Avoid construction hassles with complete draw administration services from M&T

Programs include:

FHA 203(k)

        • Low 3.50% FHA downpayment on Purchases
        • Streamline refi’s with renovation financing to $35,000
        • Moderate max loan amounts vary by county
        • 1 – 4 unit homes
        • Ideal for first-time homebuyers
        • 6 months PITI may be financed when property must be vacated due to construction

FNMA HomeStyle

        • Higher FNMA loan limits
        • 90% LTV
        • Appropriate for virtually any home improvement
        • 6 months PITI may be financed when property must be vacated due to construction

Certain restrictions apply.

 
M&T LOAN PROGRAMS  
 Construction
 Renovation
 First-Time Homebuyer
 Agency Sponsored
 Affordable Programs
   
   
The mortgage programs described herein are for the specific use of mortgage bankers & brokers,  mortgage lenders, and other mortgage professionals and is not intended for use by the general public. The information contained and described herein is not intended as a direct advertisement or offer to extend credit directly to the general public. All information is subject to change without notice. Consumers, please visit M&T Bank.

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Fair Lending Statement