Freddie Mac CHOICERenovation® Completion Timeline | The 2 Mortgage Guys

Freddie Mac CHOICERenovation® Completion Timeline | The 2 Mortgage Guys

Freddie Mac CHOICERenovation® allows 15 months after closing to finish renovations — five draws, final 1004D, and how to keep the calendar on track.

How Long Do I Have to Complete the Renovations?

From Closing to Final Inspection

What Really Drives the Calendar

At a Glance

Timeline Tips That Prevent Missed Deadlines

Keep Exploring

Frequently Asked Questions

Need a 15-Month Plan That Fits Your Contractor?

Freddie Mac CHOICERenovation® allows 15 months after closing to finish financed work — your commitment letter sets the exact clock. Scope, permits, five draw inspections, and contractor capacity determine whether that window feels comfortable or tight.

A practical sequence that keeps five draws and the 15-month deadline aligned.

Permit offices, material lead times, weather, and inspector availability often matter more than the contractor’s optimistic start date. Freddie Mac CHOICERenovation®’s five-draw structure plus final 1004D means you need inspection slots booked into the plan — not as afterthoughts.

If the home is uninhabitable, you may finance up to six months of PITI inside the loan — but that reserve does not extend the 15-month completion clock. Scope discipline still wins.

Ryan and Steve map draw milestones against your contractor’s calendar before closing so the 15-month window is a plan, not a surprise.

Related guides for draws, contractors, appraisal, and buy-and-renovate sequencing.

Ryan & Steve will map five draws, holdbacks, and your completion deadline around your general contractor’s real schedule.

Freddie Mac CHOICERenovation® 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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