Documents for Home Possible® Freddie Mac CHOICERenovation® — AMI income, assets, contractor bids, insurance, education certs, and rehab extras for LPA Accept.
Home Possible® Freddie Mac CHOICERenovation® Documents Required | The 2 Mortgage Guys
Documents for Home Possible® Freddie Mac CHOICERenovation® — AMI income, assets, contractor bids, insurance, education certs, and rehab extras for LPA Accept.
What Documents Are Required for a Home Possible® Freddie Mac CHOICERenovation® Loan?
Core Checklist
Why the Rehab Stack Matters
At a Glance
Common Extra Documents
Keep Exploring
Frequently Asked Questions
Want Your Exact Document Checklist?
Expect a conventional income and asset package plus Home Possible AMI documentation and renovation extras: one general contractor’s bids, licensing, insurance, and a scope that supports the after-improved appraisal. Having the rehab stack ready is what separates a fast close from a stalled one.
Four buckets every Home Possible Freddie Mac CHOICERenovation® file usually covers.
Home Possible Freddie Mac CHOICERenovation® is not a standard 3% down purchase with a vague remodel wish list. Underwriters and appraisers need line-item bids that match the financed scope — so five escrow draws have a clear pay schedule and after-improved value has market support inside the repair cost caps.
Missing insurance certificates, unsigned bids, DIY scopes without a licensed general contractor, income over AMI without an underserved-area exception, or a loan amount under the $100,000 minimum are the most common document delays after credit is already approved.
Ryan and Steve send a tailored checklist for purchase vs no-cash-out refinance so you upload once — not in three confusing rounds.
Related guides for qualification, contractors, income limits, and whether this combo fits.
Ryan & Steve will send a tailored list for your purchase or no-cash-out refinance, AMI profile, and contractor package.
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.