Freddie Mac Seller/Servicer Guide 4601.1: Financed Permanent Buydown Mortgages
A Financed Permanent Buydown Mortgage is a Mortgage for which the Borrower has permanently reduced the interest rate by financing discount points in the loan amount.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4601.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Eligible Financed Permanent Buydown Mortgages
- (b) Ineligible Financed Permanent Buydown Mortgages
- (c) Underwriting Financed Permanent Buydown Mortgages
- (d) Calculation of applicable Credit Fees for Financed Permanent Buydown Mortgages
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.