Freddie Mac Seller/Servicer Guide 5703.12: Mortgages secured by a CHOICEHome®
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 5703.12 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Purchase of Mortgages secured by CHOICEHomes
- (b) Construction elements for CHOICEHomes
- (c) Loan purpose and occupancy
- (d) Eligible and ineligible Mortgages secured by CHOICEHomes
- (e) Appraisal requirements for Mortgages secured by a CHOICEHome
- (f) Underwriting requirements for Mortgages secured by a CHOICEHome
- (g) Maximum LTV/TLTV/HTLTV ratios and value calculation for Mortgages secured by a CHOICEHome
- (h) Use of proceeds for Mortgages secured by a CHOICEHome
- (i) Mortgage insurance for Mortgages secured by a CHOICEHome
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.