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Relief Refinance Mortgages

Supporting sustainable homeownership through the Making Home Affordable Program

The Freddie Mac Relief Refinance Mortgage^SM, our business implementation of the federal Home Affordable Refinance, provides broad market availability with two options that help borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values.

Both the Same Servicer and Open Access options under the Relief Refinance Mortgage offering allow LTV ratios up to 125 percent, unlimited TLTV/HTLTV ratios, and relief from standard mortgage insurance requirements to provide qualified borrowers with expanded refinancing opportunities.

• Relief Refinance Mortgage – Same Servicer offers simplified appraisal and borrower eligibility requirements and must be originated by the Seller/Servicer that currently services the mortgage being refinanced.

• Relief Refinance Mortgage – Open Access requires full underwriting by submitting for assessment through Loan Prospector®, and may be originated by any Freddie Mac-approved Seller/Servicer.

Through these two refinancing options more borrowers will have options to refinance into mortgages that better position them for a successful long-term homeownership experience.

Complete requirements for the Same Servicer and Open Access options can be found in our Single-Family Seller/Servicer Guide (Guide) Chapters A24 and B24, respectively. Additional resources for Relief Refinance Mortgages and the Making Home Affordable Program are provided below.

Resources

• Relief Refinance Mortgage – Same Servicer Fact Sheet 
• Relief Refinance Mortgage – Open Access Fact Sheet 
• Relief Refinance Mortgage FAQs 

Recent Guide Bulletins

• October 9 Guide Bulletin (2009-24)
• August 4 Guide Bulletin (2009-21)
• July 24 Guide Bulletin (2009-20) 

Training & Education
Take advantage of Relief Refinance Mortgage training opportunities and educational resources in our Learning Center.

Making Home Affordable Resources

• Find out if Freddie Mac owns the mortgage being refinanced
• Consumer information about the federal Making Home Affordable Program
• Learn more about the Home Affordable Modification program