What Improvements Can Be Included?

The HomeStyle loan allows for a broad scope of both structural and luxury renovations, including:

• Seawall Installation or Repair
  Essential for erosion control and often required for waterfront parcels across the Gulf Coast.

• Boat Dock and Lift Construction
  Design a dock that suits your vessel and lifestyle—whether you're a weekend angler or an offshore boater.

• Swimming Pool and Spa
  Luxury features like tanning ledges, infinity edges, and integrated spas are eligible, along with outdoor kitchens and patio pavilions.

• Bulkhead Replacement or Repair
  An important upgrade to stabilize your shoreline and increase long-term property value.

• Elevated Decks and Outdoor Living Areas
  Capture views of Bayou St. John, Cotton Bayou, or the Gulf with beautifully designed outdoor spaces.

These enhancements are financed based on the property's future appraised value—not just the current condition.

Eligible Property Types

The HomeStyle Renovation Loan can be used for:

• Primary residences

• Second homes

• Investment properties

Single-family homes, townhomes, and some condos may qualify, provided any necessary HOA approvals are in place for the renovations.

Key Benefits for Coastal Buyers

• Low down payment – As little as 3% down for primary residences

• One-time closing – Combines both the home purchase and renovation financing into one mortgage

• Increased borrowing power – Loan amount based on post-renovation value

• Conventional terms – Competitive interest rates and no construction loan complications

The HomeStyle Renovation Process

1. Find a Property
   Choose a home that offers great location and long-term potential, even if it needs updates.

2. Design Your Vision
   Work with a licensed contractor to create detailed plans and cost estimates for improvements like docks, seawalls, or pools.

3. Appraisal
   A specialized appraiser will assess the property’s projected value after all renovations are completed.

4. Loan Closing and Renovation
   You’ll close on the property, and renovation funds will be placed in escrow. As work is completed, funds are disbursed in draws.

Local Permitting & POA Requirements

Cities like Orange Beach, Gulf Shores, and communities such as Ono Island often have specific permitting requirements for seawalls, docks, and waterfront structures. Working with a real estate advisor familiar with local zoning, POA guidelines, and permitting timelines can prevent costly delays.

LOCAL RECOMMENDATION FOR RENOVATION LOANS

Andy Wood

Titan Home Lending, LLC 

(727) 410.9663  awood@titanhl.com

Final Thoughts

A HomeStyle Renovation Loan can open doors to properties that may not appear perfect at first glance but have the right location and potential. By financing improvements from the start, you can create a property that aligns with your lifestyle—whether that includes a boat lift, a poolside kitchen, or a newly fortified bulkhead.

If you're thinking about buying or renovating a waterfront home, I’d be happy to help you identify properties that are a great match for this type of loan and connect you with lenders who understand the nuances of Gulf Coast living.

Let’s bring your coastal vision to life.

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