Documents for a Freddie Mac CHOICERenovation® loan — income, assets, contractor bids, insurance, and rehab extras for LPA Accept.
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Freddie Mac CHOICERenovation®
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Expect a standard conventional income and asset package plus renovation extras: one general contractor’s bids, licensing, insurance, and a scope that supports the after-improved appraisal. Having the rehab stack ready is what separates a fast Freddie Mac CHOICERenovation® close from a stalled one.
Four buckets every Freddie Mac CHOICERenovation® file usually covers.
Freddie Mac CHOICERenovation® is not a standard purchase with a vague remodel wish list. Underwriters and appraisers need line-item bids that match the financed scope — so five escrow draws have a clear pay schedule and after-improved value has market support inside the repair cost caps.
Missing insurance certificates, unsigned bids, DIY scopes without a licensed general contractor, or a loan amount under the $100,000 minimum are the most common document delays after credit is already approved.
Ryan and Steve send a tailored checklist for purchase vs rate/term refinance and primary vs second home vs investment so you upload once — not in three confusing rounds.
Related guides for qualification, contractors, appraisal, and whether Freddie Mac CHOICERenovation® fits.
Ryan & Steve will send a tailored document list for your purchase or rate/term refinance, occupancy type, and contractor package.
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.