Buy and Renovate With Freddie Mac CHOICERenovation® | The 2 Mortgage Guys

Buy and Renovate With Freddie Mac CHOICERenovation® | The 2 Mortgage Guys

Buy and renovate with one Freddie Mac CHOICERenovation® loan — escrowed rehab, five draws, after-improved value, and 15-month completion.

Can I Buy and Renovate a Home With One Freddie Mac CHOICERenovation® Loan?

How Purchase-and-Renovate Works

Why Buyers Use Freddie Mac CHOICERenovation® Instead of Cash + HELOC

What Must Be Ready Before Closing

Purchase LTV Snapshot

Keep Exploring

Frequently Asked Questions

Ready to Buy a Fixer-Upper With One Loan?

Yes — purchase-and-renovate is a core Freddie Mac CHOICERenovation® use case. One conventional closing covers the acquisition and eligible improvements, with rehab dollars held in escrow and released across five draws plus a final 1004D inspection.

Four steps from offer to finished remodel — without a separate construction loan.

Paying cash for a fixer-upper and financing repairs later often means two sets of costs, delayed work, and rate risk. Freddie Mac CHOICERenovation® folds eligible renovations into the first mortgage so you start with one payment and a clear draw schedule.

After-improved loan-to-value limits by occupancy — cash-to-close is based on purchase plus renovations, not purchase price alone.

Related Freddie Mac CHOICERenovation® guides and renovation programs to compare before you apply.

Ryan & Steve will size purchase-plus-rehab against Freddie Mac CHOICERenovation® LTV, repair caps, and LPA Accept before you write the offer.

Freddie Mac CHOICERenovation® is a registered trademark of Freddie Mac. Home Possible is a registered trademark of Freddie Mac. All loans are subject to credit and property approval. Program guidelines, LTV limits, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by Freddie Mac, Fannie Mae, HUD, or any government agency. Information is for educational purposes only and is not a commitment to lend.

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