Freddie Mac Seller/Servicer Guide 4607.11: Funds for renovations and contingency reserve requirements for CHOICERenovation® Mortgages
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4607.11 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Renovation funds
- (b) Contingency reserve
- (c) Unused funds
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.