THE DREAM Renovate Your Next Home Like HGTV NOW

THE DREAM Renovate Your Next Home Like HGTV NOW

THE DREAM - Renovate Your Next Home Like HGTV. Now!

Image title

Yaaas! Could you imagine...

Walking into a your new house with contrasting cabinets, mid-century modern furniture, and shiplap for days!? I sure can.

What once felt impossible, unless you had $50,000 in your pocket, now seems possible. Freddie Mac has just announced the roll out of its CHOICERenovation loan program.

Basically, you, the borrower, can apply for a single loan for the both the purchase and renovation of a new home. Just like other FHA loans some borrowers may only need to bring 3% down to the closing table.  That means on a $250,000 house you would only need to bring approximately $7500 before fees

Where the rub comes, is that they will only loan up to 85% of the finished home's market value ($85,000 on a $100,000 in-like-new condition).  However, If you or your agent have great negotiating skills you may be able to purchase and renovate a home fully funded by the program. Inquire your agent and/or lender about this loan.


Erin Bishop Headshot
Phone: 717-873-8767
Dated: June 21st 2019
Views: 496
About Erin: Erin is the Sales Director for Space and Company as well as a licensed real estate agent and experie...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Why 2020 Is The Best Year To Buy That Investment Property - There isn't a bad time to buy an
5 Investment Properties In Port Richmond Below 210K - People who are buying an
Northwest Living - Why Manayunk, East Falls, and

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Michael Garden
2200 Walnut Street
Philadelphia, PA