Freddie Mac Single-Family Seller/Servicer Guide 6302.41 — Special delivery requirements for HomeOne® Mortgages

Freddie Mac Single-Family Seller/Servicer Guide 6302.41 — Special delivery requirements for HomeOne® Mortgages

Effective 2025-10-01 · Freddie Mac's stamp for this section

■ General requirements ■ Data delivery instructions (a) General requirements See Chapter 4605 for special eligibility requirements for HomeOne® Mortgages. See Section 5103.4 for requirements related to homeownership education. (b) Data delivery instructions See Section 6302.16 for delivery requirements for HomeOne Mortgages that are “no cashout” refinance Mortgages. For HomeOne Mortgages, the Seller must deliver the following ULDD Data Points: Data Required for HomeOne Mortgages Sort ID ULDD Data Point Valid Value Notes BORROWER → Borrower Details 576/577 Counseling Confirmation Type/ Counseling Confirmation Type Other Description (In Loan Selling Advisor®, this appears as “Counseling Confirmation Type.”) ▪ Government Agency ▪ HUD Approved Counseling Agency ▪ Lender Trained Counseling ▪ No Borrower Counseling ▪ Other – Borrower Did Not Participate ▪ Other – Mortgage Insurance Company ▪ Other – Non Profit Organization When required, at least one Borrower on the Mortgage must complete homeownership education prior to loan closing. Enter “Government Agency” if the Borrower completed homeownership education using Freddie Mac’s online CreditSmart® Homebuyer U, OR if the homeownership education was provided by a Housing Finance Agency (HFA), OR if the homeownership education was provided by a for-profit CDFI. Data Required for HomeOne Mortgages Sort ID ULDD Data Point Valid Value Notes Enter “HUD Approved Counseling Agency” if the Borrower completed homeownership education that was provided by a HUD-approved nonprofit counseling agency. Do not enter “Lender Trained Counseling.” Enter “No Borrower Counseling” if the Borrower is not required to participate in homeownership education, such as for a refinance transaction. Enter “Other – Borrower Did Not Participate” if the referenced Borrower did not participate in homeownership education, and the required homeownership education was completed by another Borrower on the loan. Enter “Other – Mortgage Insurance Company” if the counseling was a program provided by a mortgage insurance company. Enter “Other – Non-Profit Organization” if the homeownership education was provided by a Community Development Financial Institution (CDFI), or a program that meets the standards of the National Industry Standards for Homeownership Education and Counseling. Data Required for HomeOne Mortgages Sort ID ULDD Data Point Valid Value Notes 578/579 Counseling Format Type/ Counseling Format Type Other Description (In Loan Selling Advisor, this appears as “Counseling Format Type.”) ▪ Borrower Education Not Required ▪ Classroom ▪ Home Study ▪ Individual ▪ Other – Borrower Did Not Participate When required, at least one Borrower on the Mortgage must complete homeownership education prior to loan closing. Enter “Borrower Education Not Required” if the Borrower is not required to participate in homeownership education, such as for a refinance transaction. Enter “Classroom” if instructor-led homeownership education was completed (not one-onone). Enter “HomeStudy” if the Borrower completed Freddie Mac’s online CreditSmart® Homebuyer U. Enter “Individual” if oneon-one counseling was performed. Enter “Other – Borrower Did Not Participate” if the referenced Borrower did not participate in homeownership education, and the required homeownership education was completed by an occupying Borrower on the loan.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.41 — Special delivery requirements for HomeOne® Mortgages · source URL · snapshot 4c94f67729042dd6