Announcement 2021-004 - Home Possible Updates

Effective for applications dated on or after Monday January 25, 2021, Freddie Mac is reducing the maximum Loan to Value (LTV) ratio to 85% for Home Possible Fixed Rate 2-4-unit properties and ARM 2-unit properties. The maximum Combined Loan to Value (CLTV) will remain unchanged.

 

All loans with an LTV exceeding 85% for a 2- 4 - unit property must be closed by February 15, 2021.