Freddie Mac issued Bulletin 2025-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac:
- Updated CHOICEHome eligibility to allow mortgages to be secured by single-wide CHOICEHome. The construction elements for single-wide CHOICEHome must include:
- A covered porch (minimum 72 sq. ft.); and
- An attached carport/garage (space to accommodate 1 or 2 cars) built with materials and finishes equivalent to the primary structure.
- Added a list of asset types that are ineligible for mortgages secured by second homes or investment properties (as stated in Chapter 5501 (Assets)) to Sections 4201.12 (Second Home Mortgages) and 4201.13 (Investment Property Mortgages);
- Added specificity to the language related to the treatment of student loan payments when calculating the monthly debt payment-to-income ratio;
- Provided greater specificity to Section 4501.6 (Borrower Income and Qualifying Ratios for Home Possible Mortgages) by adding references to Section 5306.1 (Rental Income) related to requirements for using rental income from a subject 2- to 4-unit primary residence for Home Possible Mortgages;
- Refactored chapters 5101 (Using Loan Product Advisor), 5102 (Underwriting a Mortgage for Sale to Freddie Mac), 5202 (Credit Assessment for Manually Underwritten Mortgages), and 5203 (Credit Reports and Credit Scores); and
- Relocated content from Section 5203.2 (Credit Scores) to Section 5202.1 (Establishing Borrower Credit Reputation for Manually Underwritten Mortgages).
Revisions went into effect August 6, 2025.
Click to view thee Freddie Mac Guide Bulletin 2025-3: https://www.tenaco.com/wp-content/uploads/2025/08/Freddie-Mac-Guide-Bulletin-2025-10-08-06-25.pdf
