source:
  type: guide
  id: fnma-sel-b8-5-03
  authority: Fannie Mae Selling Guide B8-5-03 — HomeStyle Renovation Mortgage Documentation
    Requirements
  description: Fannie Mae Selling Guide B8-5-03 — HomeStyle Renovation Mortgage Documentation
    Requirements.
  coverage_tier: operative
obligations:
- id: fnma-sel-b8-5-03-full
  canonical_id: fnma-sel-b8-5-03-full
  section: Fannie Mae Selling Guide B8-5-03 — HomeStyle Renovation Mortgage Documentation
    Requirements
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B8-5-03 — HomeStyle Renovation Mortgage Documentation
      Requirements
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 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 HomeStyle
      Mortgage 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. Recent Related
      Announcements Published May 6, 2026 908 There are no recently issued Announcements
      related to this topic.
  judgment: false
