✨ CHOICERenovation
Two flavors: full renovation or eXPress
CHOICERenovation is Freddie Mac's conventional renovation program, with mechanics that closely mirror HomeStyle — single-close purchase or refi, funds based on as-completed value, broad project eligibility. Its secret weapon is CHOICEReno eXPress: a streamlined track for smaller cosmetic projects that skips some of the heavier oversight.
Is this you?
CHOICERenovation tends to be a great fit for…
- The same buyers HomeStyle fits — solid credit, conventional pricing
- Smaller projects (roughly 10–15% of the home's value) via the eXPress track
- Cosmetic refreshes: roofs, HVAC, kitchens, baths, flooring
- Buyers whose lender pricing favors Freddie Mac that day — Ashland checks both
Questions people actually ask
CHOICERenovation: straight answers
What is CHOICEReno eXPress?
A streamlined version of CHOICERenovation for smaller projects — typically renovation budgets up to 10–15% of the home's as-completed value depending on the area. Less oversight, faster process, well suited to cosmetic work like roofs, HVAC, kitchens, and flooring.
Should I pick HomeStyle or CHOICERenovation?
Honestly? You shouldn't have to — that's the lender's job. The programs are near-identical in structure; the right answer comes down to pricing and guideline details on your specific file. Ashland compares both and shows you the numbers.
How long does the renovation have to take?
Work generally must be completed within 12 months of closing (eXPress projects are typically faster). Funds are held in escrow and released to the contractor through inspected draws.
Keep exploring
FHA 203(k) Limited
The "make it yours" loan — up to $75,000 of cosmetic and non-structural work rolled into an FHA mortgage with just 3.5% down.
Learn more →FHA 203(k) Standard
The full-gut option — structural work, additions, and major rehab financed into one FHA mortgage, guided by a HUD consultant.
Learn more →HomeStyle Renovation
Fannie Mae's conventional renovation loan — flexible projects (yes, even pools), second homes and investment properties welcome.
Learn more →Not sure if CHOICERenovation is right for you?
That's literally what Ashland is for. One conversation, all your options side by side, zero pressure to move forward.