Renovate a second home with Freddie Mac CHOICERenovation® at up to 90% LTV — personal-use occupancy, dual reserves, and escrowed contractor draws.
Freddie Mac CHOICERenovation® Second Home Renovation | The 2 Mortgage Guys
Renovate a second home with Freddie Mac CHOICERenovation® at up to 90% LTV — personal-use occupancy, dual reserves, and escrowed contractor draws.
Can I Renovate a Second Home With a Freddie Mac CHOICERenovation® Loan?
Second Home + Renovation Escrow
At a Glance
What Lenders Look For
Why Freddie Mac CHOICERenovation® Beats FHA for Second Homes
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Frequently Asked Questions
Renovating a Second Home?
Yes. Freddie Mac CHOICERenovation® can finance purchase or rate/term refinance renovations on a 1-unit second home when conventional second-home occupancy, down payment, reserves, LPA Accept, and after-improved LTV guidelines are met — something FHA 203(k) cannot do.
Lake houses, condos near family, and future retirement homes often need roofs, kitchens, HVAC, or cosmetic updates before you can enjoy them. Freddie Mac CHOICERenovation® folds those eligible upgrades into one conventional loan instead of paying cash after closing.
Occupancy is the gatekeeper: the property must be for your personal use part of the year — not a full-time rental marketed to tenants. Mislabeling investment use as second home is a common underwriting failure.
Ryan and Steve size after-improved LTV, dual-housing reserves, and contractor bids so the second-home remodel clears Freddie Mac CHOICERenovation® guidelines before you go under contract.
Related Freddie Mac CHOICERenovation® guides and renovation programs to compare before you apply.
Ryan & Steve will confirm occupancy, 90% LTV, and dual-housing reserves before you lock Freddie Mac CHOICERenovation® on a vacation or future retirement home.
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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