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Freddie Mac Refief Refi

Freddie Mac Relief Refinance℠ Mortgage - Open Access Program!

House Underwater?  We can help!




 The Freddie Mac Relief Refinance℠ Mortgage - Open Access assists borrowers who are making timely mortgage payments, but have been unable to refinance due to declining home values.

With no limit to the LTV / TLTV / HTLTV for fixed-rate mortgages, relief from standard mortgage insurance requirements, and the ability to obtain reduced documentation requirements through Loan Prospector®, we can refinance more borrowers into mortgages that better position them for successful long-term homeownership.

Key Features
  • Unlimited LTV / TLTV / HTLTV for fixed rate loans.
  • Relief from standard mortgage insurance requirements.
  • Must be submitted to Loan Prospector®.
  • Reduced income and asset documentation requirements.
  • Use of Home Value Explorer® (HVE), Freddie Mac's automated valuation model to determine property value for certain properties.
  • 580 minimum qualifying credit score
  • Fast approval times!
Eligible Borrowers:
  • Available to existing borrowers who have a first lien, conventional mortgage currently owned or securitized by Freddie Mac with a Freddie Mac settlement date on or before May 31, 2009.
  • Designed to assist borrowers who are making timely payments, but have been unable to refinance due to declining property values.
Eligible Properties:
  • Primary residence (owner occupied)
  • Second Homes - (1 unit only)
  • Investment Properties (Non-owner occupied)
  • Manufactured Housing - (note: owner occupied and 2nd homes only)
  • 1-4 Units
  • PUDs, Condos
  • Attached and detached dwellings
Approved MI Companies:
  • NOTE: Any FMOA with existing Mortgage Insurance (MI) from any other source is not acceptable at this time. MI through PMI, RMIC, CMG, Triad are for HARP loans Only.


1st Rate Mortgage Services, LLC NMLS #216585
327 Dahlonega St., Suite 104 B, Cumming, GA  30040
Office:  (470) 839-8777
Copyright © 2018 1st Rate Mortgage Services, LLC
A Georgia Residential Mortgage Licensee #32549
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