The Freddie Mac Enhanced Relief Refinance® Mortgage provides opportunities to borrowers with existing Freddie Mac mortgages who are making timely payments, but are unable to take advantage of the standard Freddie Mac "no cash-out" refinance offering because the new mortgage exceeds maximum loan-to-value (LTV) limits.

Enhanced Relief Refinance helps you meet the needs of borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values, take advantage of expanded refinancing opportunities and provide additional flexibilities for mortgages with LTV ratios that exceed maximum limits for a “no cash-out” refinance offering.

 

Important Update

As announced in Single-Family Seller/Servicer Guide Bulletin 2021-19, Freddie Mac is pausing its purchase of Enhanced Relief Refinance Mortgages until further notice.

Reminder

Enhanced Relief Refinance® Mortgages with Application Received Dates on or after July 1, 2021 and all Enhanced Relief Refinance Mortgages with Settlement Dates after August 31, 2021 are not eligible for delivery until further notice. Refer to Bulletins 2021-19 and 2021-27 for additional information.