Freddie Mac BorrowSmart Access℠ Income and Property Eligibility Tool
How to Use Tool
Use this tool to verify if a borrower can qualify for Freddie Mac BorrowSmart Access℠ assistance based on the property location and the borrowers' qualifying income. For best results, enter the complete property street address.
How to Read Your Results
Enter a street address to obtain the most accurate results. A pop-up window will appear with the following information:
- FIPS Code – Uniquely identifies the census tract.
- BorrowSmart Access Income Limit – For the specific census tract, this is the maximum borrower income allowed to qualify for BorrowSmart Access.
- Borrowers whose qualifying income is less than or equal to 140% of county area median income qualify for the BorrowSmart Access program. Borrowers whose qualifying income is less than or equal to 80% of county area median income may also qualify.
- Borrowers' Income (optional): Please enter the borrowers' income to calculate the exact AMI percentage.
- Calculated AMI (%): This field displays the calculated AMI if the borrowers' income is entered in the preceding field.
Qualification Disclaimer - This tool is intended to help provide guidance as to qualifications for the BorrowSmart Access programs. Final eligibility is determined within Loan Product Advisor® or via approved manual underwriting.
