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What is the CHOICERenovation Mortgage?

Freddie Mac has announced the creation of a new home renovation loan program called the CHOICERenovation Mortgage.  This product is replacing Freddie Mac’s previous Renovation Mortgage and is very similar to Fannie Mae’s HomeStyle Renovation and the FHA’s 203k loan. It offers many benefits to borrowers looking to make updates to their properties. How Does It Work? The CHOICERenovation Mortgage breaks from its predecessor by eliminating the need for Interim Construction Finance and allows borrowers to take out one loan at closing to pay for both the home purchase an...

August 28th, 2019 | Home Renovation Loans, What is the CHOICERenovation Mortgage?

Mid Valley Funding and Investment

Miguel Ugarte: 916-397-6222
Tom Williams: 916-847-7722

9706 Fair Oaks Blvd, Suite 135
Fair Oaks, California 95628
FAX: 916-358-7440

NMLS: 245080
CA BRE 00605628

Mid Vallley Mortgage
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