HomeBridge is updating our Freddie Mac guidelines to align with the recent LTV enhancements announced by Freddie Mac for second home and 2-unit properties.
Second Home Properties
The maximum LTV/CLTV is now 90% (previously 85%) for purchase and rate/term refinance transactions secured by a second home.
2-Unit Primary Residence
The maximum LTV/CLTV is now 85% (previously 80%) for purchase and rate/term refinance transactions secured by a 2-unit primary residence
With these enhancements Freddie Mac second home and 2-unit primary residence LTVs now align with Fannie Mae.
These enhancements are eligible for new submissions and loans currently in the pipeline.
The Freddie Mac Conforming and Super Conforming matrices have been updated with this information and posted on the HomeBridge website at www.HomeBridgeWholesale.com
If you have any questions, please contact your Account Executive.