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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?

Pacific Coast Home Mortgage

2424 Vista Way Suite 105, Oceanside, California 92054
Phone: 888-893-7775 | Fax: 760-888-9122
Pacific Coast Home Mortgage & Real Estate Inc dba Pacific Coast Home Mortgage California Bureau of Real Estate Broker License #01870553 NMLS: 237888
Mark O'Toole - President / Broker / Owner