Freddie Mac Seller/Servicer Guide 5401.1: Monthly housing expense-to-income ratio
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5401.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Establishing the monthly housing expense for Mortgages secured by Primary Residences
- (b) Establishing the monthly housing expense for Mortgages secured by second homes and Investment Properties
- (c) Establishing the monthly housing expense for Mortgages with a non-occupying Borrower
- (d) Rental payment documentation requirements
- (e) Housing expense-to-income ratio requirements based on underwriting method
- (f) Other Guide provisions related to the monthly housing expense-to-income ratio
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.