Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages

fhlmc-4607-3

Freddie Mac Single-Family Seller/Servicer Guide section 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.

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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages

Effective 2025-06-04 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Property eligibility ■ Special occupancy requirement for CHOICERenovation® In Progress Mortgages (a) Property eligibility CHOICERenovation Mortgages must be secured by one of the following: ■ 1- to 4-unit Primary Residence ■ Second home ■ 1-unit Investment Property ■ A Manufactured Home, including a CHOICEHome® as described in Section 5703.12 ■ A Condominium Unit, a unit located in a Planned Unit Development (PUD), or a Cooperative Unit if permitted under the Seller’s Purchase Documents (b) Special occupancy requirement for CHOICERenovation In Progress Mortgages For CHOICERenovation In Progress Mortgages or CHOICEReno eXPress secured by Primary Residences, if the Borrower does not occupy the Mortgaged Premises during the course of renovations, the Mortgaged Premises will be deemed owner-occupied as of the Delivery Date so long as the Borrower occupies the Mortgaged Premises as a Primary Residence within 60 days of the last disbursement made and distributed from the Custodial Account for Renovation Funds (as described in Section 4607.12).

Source: Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages · source URL · snapshot 4c94f67729042dd6

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4607-3/ · register fhlmc-4607-3 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.