Freddie Mac Expands Financing Options to Increase Availability of Affordable Housing
Freddie Mac (OTCQB: FMCC) has announced a significant expansion of its CHOICEHome financing program to include modern single-section factory-built homes, effective August 6, 2025. This industry-first initiative aims to increase affordable housing availability through conventional financing options.
The program offers 3% down payment options for these homes, which typically cost around $200,000 including land, compared to traditional site-built homes averaging over $500,000. CHOICEHome mortgages require specific construction standards, including permanent foundations, energy-efficient designs, and enhanced durability features to ensure quality and neighborhood integration.
Freddie Mac (OTCQB: FMCC) ha annunciato un'importante espansione del suo programma di finanziamento CHOICEHome, che dal 6 agosto 2025 includer脿 case moderne prefabbricate a sezione singola. Questa iniziativa, la prima nel settore, mira ad aumentare la disponibilit脿 di abitazioni a prezzi accessibili tramite opzioni di finanziamento convenzionale.
Il programma offre opzioni di anticipo del 3% per queste abitazioni, che generalmente costano circa 200.000 dollari comprensivi del terreno, a fronte di case tradizionali costruite in loco con un costo medio superiore a 500.000 dollari. I mutui CHOICEHome richiedono standard costruttivi specifici, tra cui fondamenta permanenti, design a basso consumo energetico e caratteristiche di maggiore durabilit脿 per garantire qualit脿 e integrazione nel quartiere.
Freddie Mac (OTCQB: FMCC) ha anunciado una expansi贸n significativa de su programa de financiamiento CHOICEHome para incluir casas modernas prefabricadas de una sola secci贸n, vigente a partir del 6 de agosto de 2025. Esta iniciativa pionera en la industria busca aumentar la disponibilidad de viviendas asequibles mediante opciones de financiamiento convencionales.
El programa ofrece opciones de pago inicial del 3% para estas viviendas, que suelen costar alrededor de $200,000 incluyendo el terreno, en comparaci贸n con casas tradicionales construidas en sitio que promedian m谩s de $500,000. Las hipotecas CHOICEHome requieren est谩ndares espec铆ficos de construcci贸n, incluyendo cimientos permanentes, dise帽os energ茅ticamente eficientes y caracter铆sticas mejoradas de durabilidad para asegurar calidad e integraci贸n en el vecindario.
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Freddie Mac (OTCQB : FMCC) a annonc茅 une expansion significative de son programme de financement CHOICEHome pour inclure des maisons modernes pr茅fabriqu茅es 脿 section unique, effective 脿 partir du 6 ao没t 2025. Cette initiative, une premi猫re dans l'industrie, vise 脿 augmenter la disponibilit茅 de logements abordables gr芒ce 脿 des options de financement conventionnelles.
Le programme propose des options de mise de fonds 脿 3% pour ces maisons, qui co没tent g茅n茅ralement environ 200 000 $ incluant le terrain, comparativement aux maisons traditionnelles construites sur site dont le prix moyen d茅passe 500 000 $. Les pr锚ts hypoth茅caires CHOICEHome exigent des normes de construction sp茅cifiques, incluant des fondations permanentes, des designs 茅co茅nerg茅tiques et des caract茅ristiques de durabilit茅 renforc茅es pour garantir la qualit茅 et l鈥檌nt茅gration dans le quartier.
Freddie Mac (OTCQB: FMCC) hat eine bedeutende Erweiterung seines CHOICEHome-Finanzierungsprogramms angek眉ndigt, das ab dem 6. August 2025 moderne, einteilige fabrikgefertigte H盲user einschlie脽t. Diese branchenweit erste Initiative zielt darauf ab, die Verf眉gbarkeit von bezahlbarem Wohnraum durch konventionelle Finanzierungsm枚glichkeiten zu erh枚hen.
Das Programm bietet 3% Anzahlungsm枚glichkeiten f眉r diese H盲user, die in der Regel etwa 200.000 US-Dollar inklusive Grundst眉ck kosten, im Vergleich zu herk枚mmlichen vor Ort gebauten H盲usern, die durchschnittlich 眉ber 500.000 US-Dollar liegen. CHOICEHome-Hypotheken erfordern spezifische Bauvorschriften, darunter dauerhafte Fundamente, energieeffiziente Designs und verbesserte Haltbarkeitsmerkmale, um Qualit盲t und Integration in die Nachbarschaft sicherzustellen.
- Expansion of affordable housing options with homes costing ~$200,000 vs. $500,000 for traditional homes
- Low 3% down payment option makes homeownership more accessible
- Program enables conventional mortgage financing for factory-built homes
- Enhanced construction standards ensure quality and integration with existing neighborhoods
- Potential market adoption challenges due to traditional preferences for site-built homes
- Limited availability of qualified factory-built homes meeting CHOICEHome standards
In an industry first, the company begins CHOICEHome financing for modern single-section factory-built homes
MCLEAN, Va., Aug. 06, 2025 (GLOBE NEWSWIRE) -- In an effort to increase the availability of affordable homes, (OTCQB: FMCC)聽will expand its CHOICEHome conventional financing options to include modern single-section factory-built homes, effective today. Doing so will expand housing supply, while providing lenders with innovative financing options offered by the company. Modern single-section factory-built homes combine the advantages of factory- and site-built construction to offer a housing option that is typically more affordable than traditional site-built construction.
Specifically, the move expands Freddie Mac鈥檚 庐聽mortgages to increase the availability of these modern factory-built single-section homes, encouraging more buyers and builders to consider them as an attractive option. This financing option becomes available to lenders on August 6, 2025. CHOICEHome mortgages are appraised using similar methods as site-built homes.
鈥淯nder President Trump, U.S Federal Housing is committed to delivering affordable homeownership and finding ways to grow our nation鈥檚 housing supply,鈥� said William J. Pulte, Freddie Mac Chairman. 鈥淢odern single-section factory-built homes can offer high-quality alternatives at a lower price point. Freddie Mac鈥檚 expansion of the CHOICEHome program helps make more homes accessible to more Americans through the conventional mortgage market.鈥�
鈥淔reddie Mac's support for modern single-section factory-built homes will play an important role in creating and promoting affordable housing in markets that need additional supply to help first-time homebuyers,鈥� said Sonu Mittal, Freddie Mac鈥檚 Executive Vice President and Head of Single-Family Acquisitions. 鈥淟enders can leverage our existing CHOICEHome mortgage offerings to finance these homes, and we are ready to purchase these loans now.鈥�
鈥淲e join the entire industry in celebrating Freddie Mac鈥檚 significant effort to add the single-section home design to their CrossMod mortgage program,鈥� said Clayton CEO, Kevin Clayton. 鈥淭his important update will now provide attainable, energy efficient homeownership to many more deserving families, helping to make these homes available in established neighborhoods and narrow urban lots.鈥�
The company鈥檚 CHOICEHome mortgage product brings conventional loan financing to modern factory-built homes that are built to exceed federal standards called for by the U.S. Department of Housing and Urban Development. This financing typically offers a more affordable option than traditional site-built homes. The mean price of the newly accepted single-section home is around
Freddie Mac鈥檚 existing financing options include financing for multi-section factory-built homes with a
Freddie Mac ensures that CHOICEHome financed manufactured homes meet specific construction standards, which include features such as permanent foundations, energy-efficient designs, pitched roofs, attached garages, and enhanced durability and comfort of the home. These features also make for easier integration with existing neighborhoods that include site-built homes, including urban infill.
To learn more about CHOICEHome eligibility, visit the .
About Freddie Mac
Freddie Mac鈥檚 mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: | | | | | |
MEDIA CONTACT:
Chad Wandler
703-903-2446
[email protected]
FAQ
What is Freddie Mac's new CHOICEHome financing program for factory-built homes?
How much do single-section factory-built homes cost under Freddie Mac's program?
What construction standards are required for Freddie Mac's CHOICEHome financing?
When does Freddie Mac's new factory-built home financing program start?
What down payment is required for Freddie Mac's factory-built home financing?
