HomeStyle Renovation Program
HomeStyle combines purchase and renovation into one mortgage.
Let’s start the journey toward home ownership.
At Quintessential Mortgage Group we believe customer service is our top priority. Whether it's your first home, or your fifth, we will walk you through the journey to buying your home.
HomeStyle combines purchase and renovation into one mortgage.
Program overview Conventional loans have long been a favored option among homebuyers, and this latest enhancement elevates their appeal even further. In the past, acquiring a 2-unit property necessitated a substantial 15% down payment, while 3-4 unit properties required an even more substantial 20% down payment. However, the recent update
Offers qualified buyers a range of down payment choices and strong financing benefits.
Buyers must complete a HUD-approved homeownership education or counseling program.
The Home Possible Mortgage Program works perfectly if you have very few funds for a substantial down payment.
HomeStyle combines purchase and renovation into one mortgage.
Combines both real estate costs and incurred renovation expenses.
HomeStyle combines purchase and renovation into one mortgage.
No Income Verification loan option that requires only tax returns.
Providers evaluate your bank statements to ensure you’re a reliable candidate for a mortgage.
Obtain short-term financing to help fund the construction of your project.
Allows borrowers with non-traditional income streams to qualify for larger mortgages.
The opportunity to apply for a mortgage even if you don’t have a social security number.
Flexible documentation program with clear guidelines to help you qualify.
1 year of income tax return is used to qualify the borrower.
Looking for support? Our resources are designed to guide you through every step of the home buying process.
Calculate your monthly payments
Answers for your home buying questions
Find the right program for you
Quintessential Mortgage Group has been the ‘best in class’ for all your mortgage and home financing needs. With our 50+ years in the industry and ranked top 10 mortgage brokers in the country, our team brings award-winning experience to all our clients. Whether you are buying new homes, second homes, refinancing homes, or tapping into the equity of your current home, we are here to help you.
Taking pride in our exceptional customer service, we prioritize you. With our wide range of mortgage products, we are committed to ensuring you have the knowledge, individualized service, and hands-on support throughout your mortgage process. Quintessential Mortgage Group is here to provide you with the best mortgage financing experience.
The Smith Family – Somers, NY
Offers qualified buyers a range of down payment choices and strong financing benefits.
1 year of income tax return is used to qualify the borrower.
Flexible documentation program with clear guidelines to help you qualify.
The opportunity to apply for a mortgage even if you don’t have a social security number.
Follow the 28/36 rule
Try to keep housing costs under 28% of your gross income and total debt under 36%. It’s not a hard rule, but it’s a solid guide when deciding your price range.
Buying a home should be exciting, and getting preapproved is just about clearly telling your financial story. When your documents are ready upfront, everything moves faster with fewer surprises and stronger offers. Having your income, assets, and credit info organized gives lenders a clear picture and saves you a ton of time and stress. The more prepared you are, the more confident you’ll feel when it’s time to make an offer.
A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
Real estate investing means buying property to earn income, either from rent, resale, or both.
Long-term rentals
Buy and rent on yearly leases for steady monthly income and long-term value.
Short-term rentals
Vacation rentals like Airbnb that can earn more during busy seasons but fluctuate.
Fix and flip
Buy, renovate, and sell for profit. Faster money, but higher risk and costs.
House hacking
Live in one unit of a multi-family property and rent the others to cover your mortgage.
Conventional loans
Good for long-term rentals with 15–25% down and fixed or adjustable rates.
DSCR loans
Based on how much rent the property makes, not your income.
Fix-and-flip loans
Short-term loans for buying and renovating properties quickly.
Bridge loans
Temporary loans to buy before selling another property.
