LOAN PROGRAM · FREDDIE MAC · CONVENTIONAL
Freddie Mac's flexible renovation loan, including disaster-resiliency and accessibility upgrades.
As low as 3% down
CHOICERenovation is Freddie Mac's renovation mortgage — a conventional program that finances a home purchase or refinance together with renovation costs in a single loan.
It stands out for explicitly covering resilience improvements: storm shutters, reinforced roofing, foundation hardening, and other upgrades that protect a home from natural disasters. Accessibility renovations for aging-in-place are also eligible.
Like HomeStyle, CHOICERenovation follows conforming loan limits, offers down payments as low as 3% for qualifying buyers, and avoids FHA's upfront mortgage insurance premium.
Program terms, limits, and eligibility are set by the insuring or guaranteeing agency and vary by lender and county. A licensed renovation lender can confirm exactly what your scenario qualifies for.
Get straight answers about your scenario — no pressure, no call center.