Can you use HVE point values for Freddie Mac Relief Refinance MortgagesSM – Same Servicer?
Yes, provided the Guide eligibility requirements are met. Those requirements include, but are not limited to, the following: Property must be a one-unit attached or detached dwelling, or a unit in a condominium project or planned unit development • Property must not be a Manufactured Home, dwelling on a leasehold estate, or if a Seller is permitted to deliver cooperative share mortgages, a cooperative unit • You must confirm that the standard deviation for the HVE point value estimate is no greater than 0.20 (corresponding to a Medium or High Confidence Score) • As of the Freddie Mac delivery date, the HVE point value estimate may not be more than 180 days old, starting from the date you accessed the information in the look-up tool. See Guide Section A24.3(d) for additional information and Section A24.4(c) for special delivery requirements for mortgages using HVE point values. Please remember that receiving a HVE point value estimates from the look-up tool does not indicate loan eligib
Related Questions
- If the HVE point value estimate does not support the value needed for the Relief Refinance Mortgage – Same Servicer, may I obtain a new appraisal or use the appraisal from the existing mortgage?
- May I use HVE to estimate property values for Relief Refinance Mortgages – Same Servicer with LTV ratios greater than 105 percent?
- What documentation is required when using HVE point value estimates for the Relief Refinance Mortgages – Same Servicer?
