Yes. Freddie Mac CHOICERenovation® can finance structural repairs, roofing, foundation work, mold remediation, energy upgrades, and other resilience improvements when they appear in licensed contractor bids and support after-improved value — including up to 6 months of PITI if the home is uninhabitable.
After a storm, flood, fire, or wind event, cash and insurance alone often leave a gap. Freddie Mac CHOICERenovation® rolls eligible restoration into a conventional first mortgage sized on after-improved value — so you finance the finished condition, not just the damaged shell.
The same program funds proactive resilience: roofing, weatherization, energy systems, and structural upgrades that reduce future risk when they are documented in contractor bids.
Ryan and Steve coordinate insurance timing, LPA Accept underwriting, and escrow draws so disaster scopes do not stall because of vague bids or missing contingency.
Load-bearing repairs, framing corrections, and foundation work after flood, settlement, or storm damage.
Roof replacement, siding, windows, and weatherization that restore habitability and value.
Mold remediation and related cleanup when priced in licensed bids and required for appraisal support.
Insulation, high-efficiency systems, and upgrades that strengthen the home against future events.
Damage and resilience work must be priced clearly so inspectors can match draws to progress.
10% minimum of repair costs (15% if utilities are off; 20% maximum) for surprises common after disasters.
Claims and escrow timing matter — do not assume insurance cash replaces a documented renovation scope.
The loan is sized on finished value, not the damaged as-is condition alone.
Renovation costs cannot exceed program caps vs. purchase-plus-rehab or as-completed value.
All financed work must finish within 15 months after closing.
Related Freddie Mac CHOICERenovation® guides for scopes, draws, and buy-and-renovate paths after damage.
Full list of eligible repairs, soft costs, and repair caps.
Ramps, wider doors, and aging-in-place upgrades.
Escrow draws after inspections — not a lump-sum payout.
Purchase a damaged home and renovate with one closing.
Rate/term refinance-and-renovate your current mortgage.
Full program overview and guide directory.
Yes, when structural repairs, roofing, foundation work, mold remediation, and related scopes appear in licensed contractor bids and support after-improved value. Insurance proceeds and lender overlays still apply — Ryan and Steve coordinate timing so escrow and claims do not conflict.
Yes. Energy improvements — insulation, high-efficiency systems, weatherization, and related upgrades — are eligible when documented in the approved scope. Resilience work that strengthens the home against future damage typically fits as structural, roofing, or energy improvements.
Freddie Mac CHOICERenovation® can finance up to 6 months of PITI when the property is uninhabitable, so you are not carrying duplicate housing costs while major disaster or structural work finishes.
Freddie Mac CHOICERenovation® is a conventional renovation mortgage, not a separate FEMA grant. It finances eligible repairs and upgrades in one first mortgage sized on after-improved value — useful after a disaster when you also need purchase or rate/term refinance financing.
Ryan & Steve will review contractor bids, insurance timing, and after-improved value so your disaster or resilience scope fits Freddie Mac CHOICERenovation® cleanly.
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.