Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Renovation Mortgage

FreddieMac

Updated 10-31-2026

Renovation Mortgage

A Mortgage for the Permanent Financing for which the proceeds replace the Interim Construction Financing obtained by the Borrower to repair, restore, rehabilitate or renovate the Mortgaged Premises.

FreddieMac Glossary

FreddieMac · p. 36

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