Super Conforming Mortgages
Freddie Mac's super conforming mortgages are mortgages originated using higher maximum loan limits that are permitted in designated high-cost areas.
These higher loan limits are intended to provide lenders with much-needed liquidity in the highest cost areas of the country, while also lowering mortgage financing costs for borrowers located in these areas.
For additional details on requirements for super conforming mortgages refer to Guide Chapter 4603, Super Conforming Mortgages. Where there are no specific requirements for super conforming mortgages, the minimum requirements in our Guide apply. If there is a conflict between any of the requirements for super conforming mortgages and any other Guide-permitted product or offering, the more restrictive requirement(s) apply.
Who are Super Conforming Mortgages for?
- Borrowers in high-cost areas.
- Borrowers who need higher loan limits due to their high-cost markets.
The information on this page is not part of, and is not a replacement or substitute for, the requirements found in the Freddie Mac Single-Family Seller/Servicer Guide and your other Purchase Documents.
Product Features
- Credit Fees
Super conforming mortgages are subject to all applicable Guide Exhibit 19 Credit Fees, which includes Credit Fees that are specific to super conforming mortgages.
- Delivery Requirements
See Guide Section 6302.31(b) for special delivery instructions for super conforming mortgages.
- Execution Options
- Guarantor, Cash and MultiLender
- Bulk guarantor securities transaction capabilities.
- Best efforts commitment option is not available at this time.
Please Note:
- The UPB of all 10-, 15-, 20- and/or 30-year super conforming mortgages delivered by the Seller, under fixed-rate cash contracts, during any month must not exceed $2 million in aggregate if the Seller’s total cash deliveries are less than or equal to $20 million or 10% of the UPB of each mortgage product (10-, 15-, 20- or 30-year fixed rate) if the Seller’s total cash deliveries are greater than $20 million, not including:
- Enhanced Relief Refinance® mortgages with loan-to-value (LTV) ratios greater than 105% delivered by the Seller under fixed-rate cash contracts during such month.
- Mortgages that receive cash specified payups in accordance with Section 6101.3(d).
- Ineligible Mortgages
- ARMs with initial periods of less than 5 years
- Mortgages secured by manufactured homes
- Seller-Owned Converted Mortgages
- Seller-Owned Modified Mortgages
- FHA/VA Mortgages
- Rural Housing Service Section 502 GRH Mortgages
- Section 184 Native American Mortgages
- Affordable Merit Rate® Mortgages
- Mortgages using an Automated Valuation Model (AVM)
- Mortgages with custom mortgage insurance
- Mortgages with annual or monthly lender-paid mortgage insurance premiums
- Maximum LTV Ratios
Maximum LTV/TLTV/HTLTV ratios must comply with Guide Section 4203.4 for Loan Product Advisor and manually underwritten mortgages.
- Mortgage Insurance
- Standard mortgage insurance is required.
- Lender-paid mortgage insurance with single premiums is permitted.
- Property Type/Eligible Properties
- 1- to 4-unit primary residences
- Second homes
- 1- to 4-unit investment properties
Growing Your Business
From valuable training and networking events to advanced tools and applications that help you work smarter, Freddie Mac has the resources you need to expand into new markets and grow your revenues.
Resources for Borrowers
Reaching and educating borrowers – and helping them find the right mortgage – is essential for your business. Freddie Mac provides an array of materials you can share with your clients and business prospects.