Freddie Mac’s expansion of its CHOICEHome lending program to include single-wide manufactured homes marks a significant shift in affordable housing financing. With immediate effect, this opens doors for buyers priced out of traditional housing markets. Meanwhile, mortgage rates have dipped to their lowest point in nine months, offering additional affordability support. Credit metrics remain strong in Q2 2025, with delinquency and foreclosure rates continuing to decline. Together, these developments signal new opportunities for buyers and real estate professionals to act with confidence in an evolving market.
Freddie Mac Expands CHOICEHome to Single‑Wide Homes
Read the Full Story → Scotsman Guide
Freddie Mac has officially added single-wide manufactured homes to its CHOICEHome program, allowing these properties to qualify for conventional loans with as little as 3% down. This change brings single-wide homes in line with multi-section manufactured homes already eligible under the program.
These homes, typically priced around $200,000 including land, offer a more affordable alternative to traditional site-built homes, which often exceed $500,000. The move is expected to dramatically increase access to homeownership for cost-conscious buyers.
Freddie Mac emphasized that the update is effective immediately, giving lenders and housing professionals the green light to begin originating loans under the new guidelines.
Mortgage Rates Hit Lowest Levels in Nine Months
Read the Full Story → Bankrate
Mortgage rates have dropped again, with the 30-year fixed average falling to 6.63%, down from 6.75% just a week prior. According to Bankrate, this marks the lowest average rate recorded in the past nine months.
The rate dip, though modest, could ease affordability pressures that have sidelined many buyers. It also gives prospective borrowers better monthly payment scenarios and improves refinance feasibility for select homeowners.
Although broader inflation and economic factors continue to influence rate movement, this recent trend provides a moment of opportunity for buyers ready to act.
Mortgage Delinquencies and Foreclosures Stay Low in Q2 2025
Read the Full Story → Wolf Street
Serious delinquencies and foreclosures continued to decline in Q2 2025, according to data reported by Wolf Street. Mortgage delinquencies (90+ days) fell to 0.82%, and HELOC delinquencies hit 0.85%, both below pre-pandemic levels.
Foreclosure filings also dropped to around 52,800—well beneath the 65,000–90,000 range seen in 2018–2019. This suggests a housing market where most borrowers remain financially stable despite economic shifts.
The data supports a narrative of responsible lending and homeownership trends, helping professionals reassure clients of market resilience and long-term value.
Loan Officer Perspective
- The inclusion of single-wide homes in Freddie Mac’s CHOICEHome program creates a new stream of eligible buyers—highlight this in your next email campaign or social media post.
- With rates near nine-month lows, now is the time to reach out to fence-sitters considering a purchase or refinance.
- Low delinquency and foreclosure rates offer a reassuring backdrop—use that in your conversations with both clients and referral partners.
Real Estate Agent Perspective
- A new inventory solution just opened up: single-wide homes now backed by conventional financing. Perfect for price-sensitive clients.
- The current rate dip could unlock dormant buying power—revisit leads who paused earlier this year.
- Reinforce that buyer credit health remains strong; sellers can feel confident in today’s buyer pool.
Home Buyer & Seller Perspective
- If you’re looking for an affordable path to homeownership, ask about single-wide homes now eligible for 3%-down financing.
- Lower mortgage rates mean your dream home—or a smart refinance—might finally be within reach.
- Have questions or want to talk through options? Reach out to the loan officer or real estate pro who shared this post and get started today.
Frank’s Thoughts
The addition of single-wide homes to Freddie Mac’s CHOICEHome program is huge. This isn’t just a policy update—it’s a real expansion of affordable inventory, and it’s effective immediately. For a lot of people, this opens up homeownership where it simply wasn’t possible before.
If I were a loan officer or real estate agent, I’d be shouting this from the rooftops. This is an opportunity to help buyers who’ve been sitting on the sidelines—buyers who now have a real shot at owning a home, with financing that works for them.
It also signals to the market that we’re moving toward more creative, practical solutions to the housing affordability challenge. That’s exciting. Let’s help get the word out and turn this into real progress for our clients.
To Connect With Frank – CLICK HERE!
Powered by: Mortgage Marketing Animals
Important Links
