Freddie Mac Single-Family Seller/Servicer Guide 4406.1 — Eligibility and underwriting requirements for
Freddie Mac Single-Family Seller/Servicer Guide section 4406.1 — Eligibility and underwriting requirements for. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4406.1 — Eligibility and underwriting requirements for — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 4406.1 — Eligibility and underwriting requirements for
Mortgages secured by properties subject to resale restrictions (07/01/26) Mortgages secured by properties subject to resale restrictions, including income-based resale restrictions and age-based resale restrictions (such as senior housing or units restricted to one or more occupants aged 55 and over), are eligible for sale to Freddie Mac provided they meet the requirements of this chapter and the Seller’s other Purchase Documents. Note: The requirements of this chapter do not apply to resale restrictions related to Community Land Trust Mortgages. See Chapter 4502 for requirements for Community Land Trust Mortgages. This section contains requirements related to: ■ Eligible Mortgages ■ Ineligible Mortgages ■ Underwriting (a) Eligible Mortgages For Mortgages secured by properties subject to resale restrictions, each Mortgage must be a First Lien, conventional Mortgage. (b) Ineligible Mortgages The following Mortgages are ineligible for sale to Freddie Mac if the property securing the Mortgage is subject to income-based resale restrictions: ■ CHOICERenovation® Mortgages ■ Construction to Permanent Mortgages ■ GreenCHOICE Mortgages® ■ Renovation Mortgages Additionally, the following Mortgages are ineligible for sale to Freddie Mac if the property securing the Mortgage is subject to income-based resale restrictions that terminate upon foreclosure (or expiration of any applicable legally required foreclosure redemption period) or recordation of a deed-in-lieu of foreclosure: ■ Financed Permanent Buydown Mortgages ■ Freddie Mac Enhanced Relief Refinance® Mortgages ■ Government Mortgages ■ Seller-Owned Converted Mortgages ■ Seller-Owned Modified Mortgages (c) Underwriting For Mortgages secured by properties subject to resale restrictions, the Mortgage must be an Accept Mortgage or a Manually Underwritten Mortgage.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4406-1/
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