With Renovation Mortgages, borrowers can get access to permanent financing options they need to repair, restore, rehabilitate or renovate their existing site-built homes.

These types of products can help borrowers who want flexible financing options in order to combine renovation mortgages with many other Freddie Mac products, including low down payment mortgages. It also helps borrowers who need to remove a co-borrower or add a related person to the permanent financing under specific circumstances.

There are expanded options to drive more loan volume with Renovation Mortgages available through the Single-Family Seller/Servicer Guide and enhanced niche-marketing opportunities to meet your borrowers' needs when you process many of our low down payment mortgages as Renovation Mortgages.