CHOICEHomeSM: The Next Generation of Factory-Built Housing
May 9, 2019
At last, there’s parity in financing between qualified factory-built homes and site-built homes.
CHOICEHomeSM offers conventional site-built financing for a new type of high-quality real-property factory-built home built to HUD code, but with many features of a site-built home, such as:
- Higher pitch roof lines.
- Permanent foundations.
- Drywall throughout, including closets.
- Energy-efficient features.
- Garage or carport.
When a factory-built home meets certain specifications, it’s granted CHOICEHome certification and is eligible for CHOICEHome financing. This means you can use the same underwriting parameters you use for site-built homes.
Learn more about CHOICEHome features and financing options through these new informational resources:
- CHOICEHome Overview
- CHOICEHome Fact sheet
- CHOICEHome Video (At far left, bottom of page)
- Mortgage Product Page
For more information, contact your Freddie Mac representative.