Freddie Mac Single-Family Seller/Servicer Guide 5302.1 — Introduction to documentation requirements

Freddie Mac Single-Family Seller/Servicer Guide 5302.1 — Introduction to documentation requirements

Effective 2025-07-02 · Freddie Mac's stamp for this section

For all income and each qualification source used to qualify the Borrower, the Seller must obtain the required documentation and verifications listed in the respective income sections of Topic 5300. Additional documentation may be necessary to evaluate, justify and explain the qualification of the Borrower. This includes scenarios in which the Seller has knowledge that the documentation originally provided by the Borrower may not be reflective of the Borrower’s current level of income, even though the documentation meets the age of documentation requirements. Example: A more recent paystub may be necessary if, after the original paystub was provided, the Borrower’s industry was impacted by economic conditions or widespread business closures that could affect hours worked and income received. All documentation must be maintained in the Mortgage file. The documentation requirements are the same for Streamlined Accept and Standard Documentation. For information about general requirements for verifying documents and acceptable age of documentation, refer to: ■ Section 5102.3 for general requirements for verifying documents ■ Section 5102.4 for age of documentation requirements

Source: Freddie Mac Single-Family Seller/Servicer Guide 5302.1 — Introduction to documentation requirements · source URL · snapshot 4c94f67729042dd6