| Freddie Mac Mortgage Programs & Lenders |
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Low Monthly Payments - Making Home Affordable
Refinance Programs
A borrower looking to find a mortgage that will suit their
needs is generally concerned with the size of their monthly
payments. For some homeowners their payment needs
remain the same for the duration of the mortgage, while
others may need to make adjustments to bring their monthly
payment in line with their current financial situation. Freddie
Mac offers a variety of flexible mortgages that can suit your
situation. If you are looking for reasonable monthly
payments, we have the mortgage plan for you.
Refinance Programs
A borrower looking to find a mortgage that will suit their
needs is generally concerned with the size of their monthly
payments. For some homeowners their payment needs
remain the same for the duration of the mortgage, while
others may need to make adjustments to bring their monthly
payment in line with their current financial situation. Freddie
Mac offers a variety of flexible mortgages that can suit your
situation. If you are looking for reasonable monthly
payments, we have the mortgage plan for you.
Affordable Merit Rate® Mortgages
This is an incentive based mortgage that can reward a borrower for their on time payments
borrower may qualify for a onetime deduction in their interest rate.
A-minus Mortgages
A – minus mortgages allows the borrower to have a variety of flexible options. These
mortgages can provide a means of homeownership to those who have had credit challenges,
complex financial situations and low down payments. A – minus can help to assure the
borrower gets a home that they can afford for the years to come.
Balloon/Reset Mortgages (5 and 7years)
Balloon mortgages give the borrower the option of having low monthly payments for a lengthy
period. Borrowers will have the option at the end of the period to reset the mortgage or pay
the balloon payment. These plans are good for someone looking to have low monthly
payments or someone who does not plan to stay in the home longer than the five or seven
year term.
CMT-indexed ARMs
Expand your opportunities b providing these flexible mortgage ARM’s. These CMT indexed
arms supply a variety of rates and cap structures that can be worker to fit well with the
borrowers needs.
Cost-of-Funds Indexed (COFI) Rate-Capped ARMs
Financed Permanent Buydown Mortgages
A smart borrower will be on the lookout for new ways to make their home investment easier and
more productive. The financed permenant buydown mortgage will allow the borrower to make
lower monthly payments without having to put in more cash at closing time. This mortgage plan
allows for a permanent reduction in the interest rate on the mortgage.
Initial InterestSM ARMs
Initial Interest ARM’s are a mortgage solution not fitted to all borrowers but a financial tool for
those who it does fit. These ARM’s allow for the borrower to pay on only the monthly interest
for a time and then the remainder of principal at a later time.
Initial InterestSM Fixed-rate Mortgages
These mortgages feature interest only monthly payments for greater periods of time than
typical mortgages of their kind. Initial Interest fixed rate mortgages offer as much as fifteen
years of interest only payments. For qualified candidates this offers more financial flexibility.
LIBOR-indexed ARMs
Libor – indexed ARM’s is a product designed to be competitive in a market that may not often
offer convertible and non – convertible options. This ARM will allow your borrower to lower the
initial rates on their mortgage.
Manufactured Homes
Mortgages designed to allow a borrower to purchase a manufactured home provides more low
priced options for a potential homebuyer. Access the potential in manufactured homes and
extend your clientele basis even further.
No Cash-out Refinance Mortgages
Give your borrower reason to come back to you again and again by offering a powerful no
cash – out refinance mortgage. Consolidate seconds, closing costs and even escrows and
prepaid into one low monthly payment mortgage.
Seller-owned Converted Mortgages
This highly tuned process will make the sale of converted ARM’s a process that is simple and
fast.
Seller-owned Modified Mortgages
Seller - owned modified mortgages will go a long way in helping you to retain the borrower
clientele you have worked hard to build up. These modified mortgages will expand your means
of refinancing your preexisting clients mortgages.
Streamlined Refinance Mortgages
Give your borrower the ability to refinance an ARM or lower their rate with the security provided
by a fixed rate mortgage. Freddie Mac provides flexible refinance mortgages.
This is an incentive based mortgage that can reward a borrower for their on time payments
borrower may qualify for a onetime deduction in their interest rate.
A-minus Mortgages
A – minus mortgages allows the borrower to have a variety of flexible options. These
mortgages can provide a means of homeownership to those who have had credit challenges,
complex financial situations and low down payments. A – minus can help to assure the
borrower gets a home that they can afford for the years to come.
Balloon/Reset Mortgages (5 and 7years)
Balloon mortgages give the borrower the option of having low monthly payments for a lengthy
period. Borrowers will have the option at the end of the period to reset the mortgage or pay
the balloon payment. These plans are good for someone looking to have low monthly
payments or someone who does not plan to stay in the home longer than the five or seven
year term.
CMT-indexed ARMs
Expand your opportunities b providing these flexible mortgage ARM’s. These CMT indexed
arms supply a variety of rates and cap structures that can be worker to fit well with the
borrowers needs.
Cost-of-Funds Indexed (COFI) Rate-Capped ARMs
Financed Permanent Buydown Mortgages
A smart borrower will be on the lookout for new ways to make their home investment easier and
more productive. The financed permenant buydown mortgage will allow the borrower to make
lower monthly payments without having to put in more cash at closing time. This mortgage plan
allows for a permanent reduction in the interest rate on the mortgage.
Initial InterestSM ARMs
Initial Interest ARM’s are a mortgage solution not fitted to all borrowers but a financial tool for
those who it does fit. These ARM’s allow for the borrower to pay on only the monthly interest
for a time and then the remainder of principal at a later time.
Initial InterestSM Fixed-rate Mortgages
These mortgages feature interest only monthly payments for greater periods of time than
typical mortgages of their kind. Initial Interest fixed rate mortgages offer as much as fifteen
years of interest only payments. For qualified candidates this offers more financial flexibility.
LIBOR-indexed ARMs
Libor – indexed ARM’s is a product designed to be competitive in a market that may not often
offer convertible and non – convertible options. This ARM will allow your borrower to lower the
initial rates on their mortgage.
Manufactured Homes
Mortgages designed to allow a borrower to purchase a manufactured home provides more low
priced options for a potential homebuyer. Access the potential in manufactured homes and
extend your clientele basis even further.
No Cash-out Refinance Mortgages
Give your borrower reason to come back to you again and again by offering a powerful no
cash – out refinance mortgage. Consolidate seconds, closing costs and even escrows and
prepaid into one low monthly payment mortgage.
Seller-owned Converted Mortgages
This highly tuned process will make the sale of converted ARM’s a process that is simple and
fast.
Seller-owned Modified Mortgages
Seller - owned modified mortgages will go a long way in helping you to retain the borrower
clientele you have worked hard to build up. These modified mortgages will expand your means
of refinancing your preexisting clients mortgages.
Streamlined Refinance Mortgages
Give your borrower the ability to refinance an ARM or lower their rate with the security provided
by a fixed rate mortgage. Freddie Mac provides flexible refinance mortgages.
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mortgage banker, broker or lender. Freddie-Mac-Mortgage.com acts only as a Service Provider and attempts to match
your request with Lending Partners who may have loan products available according to the criteria you submit in your
request. Information collected is not an application for credit or a mortgage loan and your request does not pre-qualify
you for a loan with any particular Lending Partner.
There is no cost to submit a request, receive loan offers or review the loan offers and talk to Lending Partners.
Freddie-Mac-Mortgage.com does not charge you, the consumer, a fee for its services.
The content on our website (the "Content") is supplied in good faith using references and sources deemed reliable;
however it is published strictly on an "as-is" basis. The operator of this website and the author hereby disclaims any and
all express or implied warranties to the maximum extent permitted by law. The Content is provided for informational
purposes only and is not to be construed as financial or legal advice. Everyone's financial circumstances are unique. You
are urged to consult multiple informational sources and a professional advisor before making any decisions affecting your
personal finances.
Freddie-Mac-Mortgage.com is not responsible for the accuracy of the rate, APR and loan information as it based on
third-party research, consumer and broker surveys and other published information sources.
Freddie-Mac-Mortgage.com is engaged in the business of providing content for mortgage shoppers and is not acting as a
mortgage banker, broker or lender. Freddie-Mac-Mortgage.com acts only as a Service Provider and attempts to match
your request with Lending Partners who may have loan products available according to the criteria you submit in your
request. Information collected is not an application for credit or a mortgage loan and your request does not pre-qualify
you for a loan with any particular Lending Partner.
There is no cost to submit a request, receive loan offers or review the loan offers and talk to Lending Partners.
Freddie-Mac-Mortgage.com does not charge you, the consumer, a fee for its services.
The content on our website (the "Content") is supplied in good faith using references and sources deemed reliable;
however it is published strictly on an "as-is" basis. The operator of this website and the author hereby disclaims any and
all express or implied warranties to the maximum extent permitted by law. The Content is provided for informational
purposes only and is not to be construed as financial or legal advice. Everyone's financial circumstances are unique. You
are urged to consult multiple informational sources and a professional advisor before making any decisions affecting your
personal finances.
Freddie-Mac-Mortgage.com is not responsible for the accuracy of the rate, APR and loan information as it based on
third-party research, consumer and broker surveys and other published information sources.
