Freddie 3051 form-2025

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For a Caution Mortgage, the Caution Risk Class indicates that the Mortgage is unlikely to comply with Freddie Macs eligibility and underwriting requirements because there is a strong indication of excessive layering of risk as described in Section 5102.2.
The Servicer must prepare its balance sheet and other financial statements that clearly reflects the sale of Mortgages to Freddie Mac as a sale of assets.
Home Possible Borrower Requirements Down payment: The Home Possible program requires a 3% down payment. Credit score: Youll need a credit score of at least 620 to buy a house with a Home Possible mortgage. Income limit: Your total annual income cannot exceed 80% of your areas median income (AMI).
Yes. You must document the payoff or pay down of the debts and the source of the funds used in the mortgage file. These accounts are not required to be closed.
The Freddie Mac HomeOne mortgage is a low-down-payment program for first-time homebuyers with guidelines set by the Federal Home Loan Mortgage Corporation (FHLMC), more commonly known as Freddie Mac. Eligible buyers can purchase homes with only a 3% down payment, regardless of income or buying location.

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Fannie Mae and Freddie Mac (the Enterprises) purchase certain fixed-rate and adjustable-rate mortgages with temporary buydown plans. As an example, the maximum rate reduction is 3 percent and the maximum annual rate increase is 1 percent (3-2-1 buydown).
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.
Debt-to-income ratio: Qualifying debt-to-income ratios are determined by Loan Product Advisor, Freddie Macs automated underwriting tool. This ratio can be as high as 45 percent for manually underwritten mortgages.

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