SF.FreddieMac.com

Connecting Affordable Opportunities to Freddie Mac Solutions

In a challenging economic and housing landscape with strong affordability headwinds, Freddie Mac serves as a trusted partner to empower lenders. We provide a roadmap that identifies solutions that enable you to leverage opportunities and overcome common business and borrower obstacles.

Freddie Mac offers a wide array of insights, mortgage products, down payment assistance programs and technology capabilities to save you and your borrowers time and money, as well as educational tools and resources.

Let us help connect the dots for you to… expand your business, create efficiency and collaborate with us to make home possible for very low- to moderate- income borrowers, first-time homebuyers and underserved communities.

Insights and Solutions

Affordable Solutions Spotlight

Explore this guide to Freddie Mac affordable solutions and discover the insights, educational tools, mortgage solutions, business and technology capabilities and resources that you can use to make home possible.

Overcome Barriers to Optimize Business and to Make Home Possible for Borrowers

We are here to help navigate:

  • The number one barrier to homeownership; down payment and closing cost obstacles
  • Creation of time, effort and cost efficiencies through insights, technology, programs and tools
  • Limited affordable housing inventory and solutions with condominiums, Accessory Dwelling Units (ADUs), renovation financing for fixer-uppers and manufactured homes
  • Driving speed, efficiency and confidence in your business with capabilities to easily and accurately assess a loan’s underwriting risk, borrower eligibility and to uncover hidden value with Loan Product Advisor® (LPASM)
  • Recognition of shifting market and borrower trends to identify and prepare for future borrowers to ensure a robust pipeline to come

Explore the insights and resources below to see how you can capitalize on opportunities and bring solutions to your organization and to your borrowers.

Down Payment Solutions

Focusing Our Efforts on Affordable Housing

The dual challenges of high interest rates and limited supply not only pose challenges but have made housing more expensive. We are working to address affordability from multiple angles, and we are making progress.

Home Starts Here: Navigating Market Ebbs and Flows

Podcast – In this episode of the Equitably Speaking podcast, our panel of guests discuss how to leverage Freddie Mac programs and platforms to support potential homebuyers in need of down payment and closing cost assistance.

Affordable Lending

Training Resources – Discover how our Home Possible®, HFA Advantage® and HomeOne® affordable mortgage solutions overcome common challenges for first-time homebuyers.

Low Down Payment Mortgage Offerings

Home Possible® Income and Property Eligibility Tool

Webpage – Find out instantly whether a borrower and property may qualify for a Home Possible mortgage.

Low Down Payment Solutions

Video – Discover how Freddie Mac affordable mortgage solutions — Home Possible®, HFA Advantage® and HomeOne® — offer opportunities to build your business, overcome common borrower challenges and make home possible.

Home Possible®

Fact Sheet – Discover details about Home Possible and how it can assist very low- to low-income borrowers.

Very Low-Income Purchase (VLIP) Mortgage Credit

FAQ – Learn more about the $2,500 credit available to potential homebuyers earning 50% of area median income (AMI) or less.

HFA Advantage®

Fact Sheet – Who is HFA Advantage for? Borrowers who qualify for HFA homeownership programs, first-time homebuyers, repeat buyers, borrowers seeking no cash-out refinances and borrowers purchasing or refinancing one to 4-unit properties. Learn more.

HomeOne®

Flyer – Overview of the HomeOne® mortgage and its benefits for lenders and borrowers.

Down Payment Programs

DPA One®

Video – DPA One is a Freddie Mac sponsored tool using modern innovation and design practices to deliver an industry solution that will eliminate the frictions in the down payment assistance ecosystem, resulting in an intuitive experience.

Credit Fee Cap

Credit Fee Cap

Job Aid – Use this helpful resource, together with Exhibit 19A, to guide you when using Freddie Mac tools to identify potential loans that may be eligible for a credit fee cap based on the loan’s attributes.

eMortgages

Convenience and Efficiencies of eMortgages

Article – eMortgage adoption is gaining as lenders push to get loans across the finish line faster in a bid to provide borrowers with greater speed and convenience. Learn more about Freddie Mac’s role in expanding eMortgages and remote or hybrid closings.

From Necessity to Longevity: SouthState Bank’s Road to “e”

Article – SouthState Bank is embracing the digital evolution, with 50% of their production volume being eMortgages. Get their story and insights for implementation in our latest case study.

How eMortgages and Digital Efficiencies Elevated Primary Residential Mortgage, Inc.

Article – The eMortgage ecosystem can be daunting. Get insights from Primary Residential Mortgage, Inc. on how they leveraged the right resources and gathered support to implement eMortgage technology.

ACE and AIM

Save Time and Money with ACE

Tutorial – ACE helps you speed up loan origination and can improve your borrower’s experience.

Power of One Asset Verification Report with AIM

Article – The power to simplify loan underwriting is in your hands. One asset verification report from your service provider can help automate your processes so you can confidently send your borrower to the closing table.

Condominiums

Determining Condominium Project & Mortgage Eligibility

Fact Sheet – Make sure you comply with our condominium project review and general condominium project eligibility requirements in Single-Family Seller/Servicer Guide (Section 5701.2).

Condo Project Advisor®

Training Resources – This document lists various resources available in Freddie Mac Learning to assist you with using Condo Project Advisor®.

Renovation Financing and CHOICERenovation®

CHOICERenovation® Solution for Renovation Financing

Video – Freddie Mac’s CHOICERenovation offering allows lenders and borrowers to save time and money by financing home improvements using one loan and one closing.

Delivering Renovation Financing Loans to Freddie Mac

Tutorial – This learning clip explores three options that Freddie Mac provides with CHOICERenovation mortgage.

CHOICERenovation®

Fact Sheet – Learn more about our latest solution for financing home improvements designed for borrowers looking for convenience and cost savings by financing both their home purchase and renovation costs in a single loan.

Manufactured Housing and CHOICEHome®

Manufactured Home

Tutorial – Watch this quick self-paced tutorial on manufactured housing requirements.

CHOICEHome®

Video – CHOICEHome is our innovative, affordable mortgage initiative, offering conventional site-built financing for a factory-built manufactured home that is titled as real property, built to the HUD code and has the features of a site-built home.

CHOICEHome®

Fact Sheet – Read more about the CHOICEHome difference and how it’s designed to meet homebuyers’ needs.

Accessory Dwelling Units (ADUs)

Accessory Dwelling Units

Reference Tool – This tool provides a summary of the requirements for properties with an ADU and the requirements for using rental income generated from an ADU on a subject 1-unit Primary Residence.

ADUs Can Increase Housing Stock

Research Brief – A recent Freddie Mac survey attempted to gauge familiarity and interest in accessory dwelling units. The general lack of familiarity underscores the need for additional education and dedicated financing options.

Research & Insights

Cost to Originate Study

Research Summary – The cost to originate a loan remains one of the key performance drivers for lenders. It often raises questions around ways to better control cost fluctuations and strategies lenders must consider to drive efficiencies and improve costs.

Loan Product Advisor® and Missed Opportunities

Loan Product Advisor® and How It Works

Tutorial – Learn how Loan Product Advisor assesses your loan’s overall underwriting risk, reduces costs and improves efficiency.

Loan Product Advisor®

Training Resources – Discover resources to help you transition to the redesigned URLA and the enhanced Loan Product Advisor.

Run with Opportunity

Webpage – Getting a Caution risk class in Loan Product Advisor is not a rejection. It’s a redirection to uncover missed opportunities that are more tailored for your borrower. Discover tips and resources.

AIM

Asset and Income Modeler (AIM) Capabilities

Webpage – AIM is a capability within Loan Product Advisor that automates the assessment of borrower assets, income and employment for lenders.

Asset and Income Modeler (AIM)

Training Resources – This document lists all Loan Product Advisor® (LPASM) AIM training resources available to you from Freddie Mac Learning.

ACE

Automated Collateral Evaluation (ACE)

FAQ – ACE is a Loan Product Advisor capability that leverages proprietary models, 40-years of historical data, and public records to allow lenders to underwrite certain loans without a traditional appraisal.

Automated Collateral Evaluation (ACE) Your Way to Closing

Tutorial – ACE is one of the 5 options to evaluate collateral. ACE models determine the acceptability of the value and assess the condition and marketability risks. ACE lets you originate eligible loans without an appraisal – saving you (and borrowers) time and money.

Research & Insights

Equitably SpeakingSM: Breaking into Underserved Markets

Podcast – This inaugural episode features Pam Perry, former Vice President of Single-Family Equitable Housing at Freddie Mac, and Phil Treadwell, host of the Mortgage Marketing Expert podcast. Watch as they discuss resources that loan officers can use to help borrowers and more.

Homeownership and Financial Capability Education

CreditSmart® Suite of Educational Resources

Fact Sheet – An overview of the CreditSmart suite of financial capability and homeownership education resources.

CreditSmart® Playbook for Housing Professionals

Fact Sheet – A resource guide designed for housing professionals to support their efforts in understanding and promoting the CreditSmart program.

My Home®

Webpage – Whether your borrowers rent, own or plan to buy, we offer the resources to help make informed decisions and support their success.

Bridging the Homeownership Gap

A Seat at the Closing Table

Webpage – Explore this training series that provides support to loan officers, mortgage brokers and housing professionals who want to close the homeownership gap for minority borrowers.

Freddie Mac is proud to offer all the solutions that you, your organization and your borrowers need to connect the dots to:

  • Continued success and expanded business — now and in the future
  • Efficiencies and savings
  • Successful and sustainable homeownership
  • Affordable solutions to make home possible

We encourage you to share this important information with your colleagues to help put these insights into action.

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