RC_LP_U_308.3 Freddie Mac Construction-to-Permanent Guidelines
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
Freddie Mac Construction-to-Permanent Guidelines examines Freddie Mac construction-to-permanent guidelines, including the criteria for determining whether the transaction is considered by Freddie Mac to be a construction conversion or renovation mortgage and requirements for construction-to-permanent loans generally. Guidelines unique to the construction-to-permanent loan process are presented, including equity requirements and escrow holdback agreements. We will also explore the criteria necessary to calculate the loan-to-value ratio. Finally, we will incorporate the proper application of the data into Freddie Mac's automated underwriting system, Loan Product Advisor®(LPA®).
Seat time approximately one (1) hour.