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FREDDIE MAC LOAN
FREDDIE MAC LOANS
A Freddie Mac loan is a conventional mortgage offering competitive rates and flexible terms. It's ideal for homebuyers and investors, with approval based on credit and property value. Suitable for primary residences, second homes, and investment properties.
Freddie Mac Loans Explained
Freddie Mac loans provide long-term financing options for homebuyers and real estate investors. These conventional loans are designed to offer competitive rates and flexible terms, helping borrowers finance both primary residences and investment properties with ease.
Main Features of Our Freddie Mac Loans
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Long-term duration: Fixed-rate loan terms range from 10 to 30 years, providing stability and predictable payments.
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Flexible LTV options: Loan-to-value ratios of up to 97% for primary residences, giving borrowers low down payment opportunities.
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Streamlined approvals: Automated underwriting through Loan Product Advisor (LPA) ensures fast and efficient approvals.
Why Choose Our Freddie Mac Loans?
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Flexible Financing: Suitable for a wide range of property types, including single-family homes, condos, and 2-4 unit properties.
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Investment Growth: Freddie Mac loans can be used to finance second homes and investment properties, making it easier to expand your portfolio.
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Competitive Rates: Benefit from low interest rates, whether you’re purchasing a home or refinancing an existing mortgage.
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High Loan Limits: Access higher loan amounts in areas with elevated home prices, providing greater financing options.
Our Freddie Mac loans are an excellent choice for both homeowners and investors seeking long-term financing with flexible options and competitive rates. Whether you’re buying a primary home or growing your real estate investments, these loans offer the reliability you need for success.
Qualification Criteria
Determine if You Qualifies for Freddie Mac Loans
Credit Score
Minimum 620 FICO score required for all qualifying borrowers.
Liquidity Requirements
Borrowers must provide funds for down payment, closing costs, and necessary reserves.
Loan Term
Fixed-rate terms of 10, 15, 20, 25, or 30 years for fully amortizing loans.
Property Type
Eligible properties include single-family homes, 2-4 unit properties, condos, and multi-width manufactured homes.
Maximum Loan-to-Value (LTV)
Up to 97% LTV for primary residences, 85% for investment properties, and 90% for second homes.
Prepayment Penalty
No prepayment penalties, offering flexibility for early repayment without additional costs.
Loan Amount
Loan amounts up to conforming and super conforming loan limits, with higher limits available in designated high-cost areas.
Location Requirements
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Properties must meet Freddie Mac’s geographic guidelines, including eligibility for urban, suburban, and certain rural areas.