Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages
This section contains requirements related to: ■ Property eligibility ■ Special occupancy requirement for CHOICERenovation® In Progress Mortgages (a) Property eligibility CHOICERenovation Mortgages must be secured by one of the following: ■ 1- to 4-unit Primary Residence ■ Second home ■ 1-unit Investment Property ■ A Manufactured Home, including a CHOICEHome® as described in Section 5703.12 ■ A Condominium Unit, a unit located in a Planned Unit Development (PUD), or a Cooperative Unit if permitted under the Seller’s Purchase Documents (b) Special occupancy requirement for CHOICERenovation In Progress Mortgages For CHOICERenovation In Progress Mortgages or CHOICEReno eXPress secured by Primary Residences, if the Borrower does not occupy the Mortgaged Premises during the course of renovations, the Mortgaged Premises will be deemed owner-occupied as of the Delivery Date so long as the Borrower occupies the Mortgaged Premises as a Primary Residence within 60 days of the last disbursement made and distributed from the Custodial Account for Renovation Funds (as described in Section 4607.12).
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4607.3 — Property eligibility and occupancy for CHOICERenovation® Mortgages
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-4607-3/
· register fhlmc-4607-3 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.