Freddie Mac Seller/Servicer Guide 4305.1: General requirements for all purchase transaction Mortgages
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4305.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Purchase transaction definition
- (b) Overpayment of costs, fees and charges
- (c) Gift funds or gift of equity exceeding the amount needed for closing
- (d) Required documentation
- (e) Impact of cash back on minimum Borrower contribution
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.