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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?

American Pacific Mortgage

JOHN E. BURGOYNE III, Branch Manager
NMLS # 86729/96796
Branch NMLS#1850
AZ Corp BK # 0906702/0114165

1256 W Chandler Blvd., Suite 30
Chandler, AZ 85224

Phone: (480) 883-6633
Email: jeb3@apmdirectlender.net

© 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

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