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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?

Hometown Mortgage Corp.

4200 State Hwy 30

Amsterdam,

New York

12010

We write government insured loans including FHA, Reverse for Seniors, USDA(Farmers Home) and VA for veterans.

(518) 527-4647

Hometown Mortgage Corp. (NMLS# 8166) is a Registered Mortgage Broker - NYS Department of Financial Services License A004823.
All loans are arranged thru third party providers.