Freddie Mac Seller/Servicer Guide 4602.1: Construction to Permanent Mortgages and Renovation Mortgages
Refer to Bulletin 2025-7, which announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4602.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Eligible Mortgages
- (b) Ineligible Mortgages
- (c) Eligible use of Interim Construction Financing proceeds
- (d) Permanent Financing proceeds
- (e) Eligible property
- (f) Borrower eligibility
- (g) Completion status of the Mortgaged Premises
- (h) Mortgage file documentation
- (i) Seller-Owned Modified Mortgages and Seller-Owned Converted Mortgages
- (j) Credit Fees
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.