Ancona Title & Escrow earns Stewart Title Circle of Excellence Award for 5th consecutive year.

Freddie Mac recently announced that a new single-close mortgage product will become available after November 2021. Dubbed the CHOICEReno eXPressSM , it is set to address certain types of renovations like interior/exterior painting, roof repairs, minor remodeling, window and door replacement and other like items. This will become part of the CHOICE suite of mortgage solutions and is an expansion of the CHOICERenovation® that is designed to provide flexible financing for lenders and borrowers. Per Freddie Mac, “this new mortgage solution enables Sellers to deliver CHOICEReno eXPress mortgages to Freddie Mac prior to completion of the renovations without recourse, provided certain requirements are met”. The eXPress option is designed to aid in addressing the growing supply of older homes, creating more affordable housing, and accommodate the heightening demand for aging-in-place housing options. For many people this loan option will be an improvement over the use of unsecured financing options or credit cards. At Ancona Title and Escrow we view this news as a welcomed opportunity for our important business partners. We support the home buying and selling market on all levels. Critical to that involvement is a keen understanding of the elements that influence the marketplace. At Ancona we’re more than just title and escrow providers… we’re industry experts. We know this news will be a welcomed option for our realtor connections, mortgage partners, lenders and consumers. It is an interesting time to be a homeowner. Home renovation and restoration is being done at all levels from DIY’ers to professional restoration experts. The CHOICERenovation and Reno eXPress options are incredible options. The requirements for these programs have also been improved to make it easier for all parties involved. We will continue to monitor influential areas in and around our industry. Should our friends and associates wish to find more details on these programs we welcome them to visit https://sf.freddiemac.com/faqs/choicereno-express-faq to learn more.

Many people are unfamiliar with what title insurance is, what it does for them and the benefits of having a healthy title industry. So we’d like to offer a quick glimpse into what we do for our customers day in and day out at Ancona and the benefits all Americans receive from the work done by the title industry.