Freddie Mac Single-Family Seller/Servicer Guide Section 4502.11 — Landlord education

Freddie Mac Single-Family Seller/Servicer Guide Section 4502.11 — Landlord education

4502.11: Landlord education (03/05/25) For Mortgages secured by a 2-unit property, at least one qualifying Borrower must meet one of the following requirements: ■ Participate in a landlord education program before the Note Date, or ■ Have at least one year of previous landlord experience Landlord education cannot be provided by the originating lender, the Seller or any other interested party to the transaction. The Seller must retain in the Mortgage file a copy of the certificate evidencing successful completion of the landlord education program. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4503 As of 12/04/24 Page 4503-1 Chapter 4503: Affordable Housing Preservation: Shared Equity Programs – Income-based Resale Restrictions 4503.1: Shared equity programs – income-based resale restrictions (12/04/24) Mortgages secured by properties subject to income-based resale restrictions are eligible for sale to Freddie Mac provided they meet the requirements of Chapter 4406. These resale restrictions are typically imposed to create and preserve affordable housing by limiting the occupancy and resale of a property to individuals or households of very-low, low- or moderate-incomes. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-1 Chapter 4504: HeritageOne® Mortgages 4504.1: Purchase of HeritageOne® Mortgages (03/05/25) Mortgages secured by properties located in Tribal Areas and made to Borrowers who are enrolled members of Native American Tribes that meet the requirements of this chapter and the Seller’s other Purchase Documents are eligible for sale to Freddie Mac as HeritageOne® Mortgages. 4504.2: Overview of HeritageOne® Mortgages (07/09/25) This section contains information related to: ■ Approved Sellers of HeritageOne® Mortgages ■ Negotiated underwriting provisions ■ Defined terms ■ Eligible property ■ First Lien priority ■ Assumable Mortgages ■ Special delivery requirements ■ Special Servicing requirements (a) Approved Sellers of HeritageOne Mortgages The Seller must obtain Freddie Mac’s written approval to sell HeritageOne Mortgages to Freddie Mac by contacting its Freddie Mac representative or Customer Service at 800- FREDDIE. (b) Negotiated underwriting provisions Unless specifically made applicable to HeritageOne Mortgages, negotiated underwriting provisions in the Seller’s Purchase Documents do not apply to HeritageOne Mortgages and cannot be used with HeritageOne Mortgages. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-2 (c) Defined terms As used in this chapter, the following terms have the meanings ascribed to them below: Defined terms for HeritageOne Mortgages B BIA U.S. Department of the Interior Bureau of Indian Affairs. E Eligible Native American Tribe A Native American Tribe that either: ■ Is listed as a participating tribe in HUD’s most recent Section 184 Participating Tribes List; or ■ Has entered into a memorandum of understanding with Freddie Mac that, to the Seller’s knowledge, is and will remain in full force and effect A list of Eligible Native American Tribes is available on Freddie Mac’s website. N Native American Tribe A federally recognized Indian tribe of the United States that is included in the BIA’s most recent publication of the notice titled “Indian Entities Recognized by and Eligible To Receive Services From the United States Bureau of Indian Affairs”. “Native American Tribe” includes any housing authority, utility, corporation, partnership or other entity that is partially or wholly owned by the Native American Tribe. T Tribal Area A census tract, or any portion thereof, that is designated as both a HUD Indian Housing Block Grant (IHBG) Area and a rural area under FHFA’s Duty to Serve Regulation and is identified as an “Indian area” in the current version of the FHFA’s Indian Areas File. (d) Eligible property The Mortgaged Premises must be located in the Tribal Area of an Eligible Native American Tribe. Mortgages must be secured by 1- to 4-unit Primary Residences, which may include: Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-3 ■ Manufactured Homes, including Manufactured Homes that are CHOICEHomes® ■ Condominium Units ■ Units located in Planned Unit Developments (PUDs) ■ Properties with ADUs (e) First Lien priority The Seller must comply with all statutory and regulatory requirements and obtain all approvals and signatures necessary to establish and maintain a valid First Lien on the Mortgaged Premises. The Security Instrument must be signed by all individuals or entities with an ownership interest in the Mortgaged Premises. See Section 4101.6 for additional information on signatures required for the Security Instrument. If necessary to establish or maintain the First Lien, the Seller must: ■ Obtain any necessary approvals or signatures from the U.S. Secretary of the Interior or the BIA, as applicable; and ■ Record the Security Instrument and all other Mortgage documents required to be recorded in the appropriate jurisdiction Even if not necessary to establish or maintain the First Lien, it is recommended that the Security Instrument and all other Mortgage documents required to be recorded also be recorded in the locality in which the Mortgaged Premises is located. (f) Assumable Mortgages Mortgages sold under the Guarantor program that meet the requirements of Section 4101.9(c) and this chapter may be assumable Mortgages, if permitted under the Seller’s Purchase Documents. (g) Special delivery requirements See Section 6302.50 for special delivery requirements for HeritageOne Mortgages. (h) Special Servicing requirements See Section 8406.1(d) and Chapter 8901 for special Servicing requirements for HeritageOne Mortgages, including requirements for post-closing Borrower counseling, Transfers of Servicing and Transfers of Ownership. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-4 4504.3: Eligible Borrowers for HeritageOne® Mortgages (02/04/26) This section contains requirements related to: ■ Eligible Borrowers ■ Borrower income ■ Occupancy ■ Ownership of other property (a) Eligible Borrowers At least one Borrower must: ■ Be an enrolled member of a Native American Tribe, which may be a Native American Tribe other than the Eligible Native American Tribe within whose Tribal Area the Mortgaged Premises is located; and ■ Occupy the Mortgaged Premises as their Primary Residence Note: The Borrower cannot be a Native American Tribe. (b) Borrower income Borrowers are not subject to maximum income limits. (c) Occupancy The following occupancy requirements apply to HeritageOne® Mortgages: ■ For 1-unit properties, including Manufactured Homes, non-occupying Borrowers are permitted. Funds used to qualify for the Mortgage transaction may come from the occupying and/or non-occupying Borrower. ■ For 2- to 4-unit properties, all Borrowers must occupy the Mortgaged Premises as their Primary Residence (d) Ownership of other property As of the Note Date or, for Construction to Permanent Mortgages and Renovation Mortgages, the Effective Date of Permanent Financing, occupying Borrowers must not have Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-5 an ownership interest in more than two financed residential properties, including the subject property.

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