With newly expanded eligibility requirements for Freddie Mac Refi PossibleSM, you will soon be able to help even more low- and moderate-income borrowers refinance their existing mortgages. By taking advantage of low market interest rates, your borrowers will have the opportunity to save on their monthly mortgage payments, create housing stability, and build generation wealth.

In a press release issued on Monday, October 18, the Federal Housing Finance Agency (FHFA) announced updates to eligibility requirements. The table below provides details on current eligibility requirements, newly expanded eligibilities and effective timelines.

Freddie Mac Single-Family Seller/Service Guide (Guide) Bulletin 2021-33: Eligibility Expansion for Refi Possible Mortgages

Table - Freddie Mac Single-Family Seller/Service Guide (Guide) Bulletin 2021-33: Eligibility Expansion for Refi Possible Mortgages

 

*Loan Product Advisor® (LPASM)Feedback Messages will be updated at a future date. In the meantime, Sellers may disregard the feedback that contradict the changes.

**An exact January effective date will be announced in the December 1, 2021 Guide Bulletin.

For more information: Contact your Freddie Mac representative or the Customer Support Contact Center (800-FREDDIE).