559-740-7000
tim@ccmloans.com
Apply Now
Secure Doc Upload
Country Club Mortgage Logo

Visalia: 559-740-7000
Fresno: 559-475-0057
Reedley: 559-636-3333
Porterville: 559-784-2265
Toll-Free: 888-981-6869

Tim Dougherty

NMLS ID 0

559-740-7000 tim@ccmloans.com

Blog

Blog Image: What is the CHOICERenovation Mortgage?

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?