Announcement 2026-040 Freddie Mac GreenCHOICE – Refinance Program

Freddie Mac GreenCHOICE – Refinance Program

Newrez LLC "Newrez" Approved Correspondent Clients; Newrez is excited to announce a Freddie Mac GreenCHOICE program for Delegated and Non-Delegated Correspondents. GreenCHOICE Mortgage helps homeowners upgrade their property with energy-efficient improvements while potentially reducing monthly utility expenses. 

Newrez will be offering a rate and term refinance to pay off a first and/or second mortgage used for improvements.  

Program Highlights

• Minimum FICO 580
• LTV up to 97% on Fixed Products and 95% on ARMs
• Occupancy: Primary, Second Home, and Investment
• Financing Type: Rate & Term Refinance
• Property Types: 1-4 Units, Condos (warrantable), Co-ops, Leasehold, Manufactured Home, and Modular Home
• Non-Traditional credit is allowed
• LPA Accept