Freddie Mac Seller/Servicer Guide 5501.3: Borrower personal funds
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5501.3 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Depository and non-depository accounts
- (b) Securities, retirement accounts and government bonds
- (c) Proceeds from a secured loan
- (d) Revolving credit card (charges/cash advances) or unsecured line of credit
- (e) Proceeds from credit card reward points
- (f) Proceeds from the sale of real estate and other assets
- (g) Real estate commission and rent credits
- (h) Funds from a trust
- (i) Cash value of a life insurance policy
- (j) Additional requirements for accounts held in financial institutions
- (k) Minimum contribution from Borrower personal funds
- (l) Earnest money deposit (EMD)
- (m) Business assets
- (n) Source of funds from outside the United States and its territories
- (o) Cryptocurrency
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.