Freddie Mac Bulletin 2021-27: New Opportunities for Financing Home Renovations and Other Important Guide Updates

August 04, 2021

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Freddie Mac Selling Guide Bulletin 2021-27 announces selling guide updates related to CHOICEReno eXPressSM mortgages, a new streamlined option under the CHOICERenovation® offering; additional flexibilities for CHOICERenovation mortgages; improvements for cash-specified payups; qualified mortgages (updating the applicable sections of the Guide with requirements announced in earlier Bulletins); cash-out refinance mortgages when none of the borrowers have been on title for at least six months prior to the note date; Guide Plus notifications; and additional updates.

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