Income limits for Home Possible® Freddie Mac CHOICERenovation® — AMI caps, underserved-area exceptions, and what to do if income is over the limit.
Home Possible® Freddie Mac CHOICERenovation® Income Limits | The 2 Mortgage Guys
Income limits for Home Possible® Freddie Mac CHOICERenovation® — AMI caps, underserved-area exceptions, and what to do if income is over the limit.
Are There Income Limits for the Home Possible® Freddie Mac CHOICERenovation® Program?
How the AMI Cap Works
Income Limit Snapshot
What Counts Toward Qualifying Income
Over the AMI Limit? Compare These Paths
Keep Exploring
Frequently Asked Questions
Confirm Your AMI Eligibility Before You Shop
Yes. Because this combo pairs Freddie Mac CHOICERenovation® renovation with Home Possible affordable-housing features, qualifying income is generally capped based on Area Median Income (AMI) for the property's county — with exceptions in designated underserved areas that remove the income cap.
Area Median Income is a regional benchmark published for housing programs. Home Possible uses AMI-based limits as the ceiling for qualifying income on the loan. A household that clears AMI in one Indiana county may be over the limit a few miles away.
Limits scale with household size — a family of four has a higher dollar cap than a single borrower in the same metro. When pairing with Freddie Mac CHOICERenovation® renovation, every income source used to qualify still counts toward that cap.
Certain underserved areas qualify for Home Possible without an income limit. Ryan and Steve look up the subject property address, compare your documented income, and tell you pass/fail before you write a rehab-heavy offer.
Home Possible is flexible on income sources — but every dollar used to qualify still counts against the AMI cap.
Related Home Possible Freddie Mac CHOICERenovation® guides and sister programs.
Ryan & Steve look up your property county, compare documented income, and map the right renovation path at Luminate Bank.
Home Possible and Freddie Mac CHOICERenovation® are registered trademarks of Freddie Mac. All loans are subject to credit and property approval. Program guidelines, income limits, 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.