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Freddie Mac Streamlined Refinancing
Freddie Mac provides two options to meet your needs to acquire or refinance a loan that is already owned by Freddie Mac. Borrowers who want to refinance their existing Freddie Mac loan can take advantage of the Freddie Mac Streamlined Refinance product, and borrowers who are acquiring a property that is already owned by Freddie Mac can take advantage of the Freddie Mac Streamlined Acquisition FinancingSM product. We invite you to talk to one of our Freddie Mac Multifamily Seller/Servicers to learn more about our products and offerings.
Key Benefits
- Reduced documentation and lower costs.
- Speedy loan review and approval. Streamlined refinances can be completed on an expedited basis reducing time to loan origination.
- An extension of the Freddie Mac Early Rate-Lock delivery option for a total of up to 12 months.
- For Freddie Mac Streamlined Refinance, there is no cash required for the good faith deposit. You can deliver a note secured by a second mortgage on the property for the good faith deposit when using the Freddie Mac Early Rate-Lock delivery option.
- If the Streamlined mortgage is an adjustable-rate mortgage, ARM LTV, DCR rate-lock and prepayment options will apply.
