Freddie Mac Streamlined Refinancing Options

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Freddie Mac provides a variety of options to meet your needs for refinancing existing Freddie Mac loans. They include the Freddie Mac Streamlined Refinance product and the Freddie Mac Streamlined Acquisition Financing^SM product. We invite you to talk to one of our Freddie Mac Multifamily Seller/Servicers to find out why you can expect more from Freddie Mac on your next deal.

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 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

At-a-Glance Comparison

Product Summary	Streamlined Refinance	Streamlined Acquisition Financing
Eligible Loans	Existing Freddie Mac loans with: No existing monetary or nonmonetary defaults. No 30-day delinquencies within the past 12 months. No more than two 30-day delinquencies or one 60-day delinquency over the mortgage term.	Mortgages financing a property that is currently financed by a mortgage owned by Freddie Mac.
Eligible Borrowers	Original borrower or approved transferee of existing loan	Partnership (general or limited), corporation, trust, joint venture, limited liability company or individual
Maximum Loan-to-Value	80% standard 75% for loans with terms < 7 years	80% standard 75% for loans with terms < 7 years
Minimum Debt Coverage Ratio	1.25x amortizing Partial and full interest-only available	1.25x amortizing Partial and full interest-only available
Prepayment Fees on Existing Loans	If the loan is not held in a securitized pool, Freddie Mac may agree to waive that portion of the exit or prepayment fee that may equal up to one percent (1%) of the outstanding principal balance of the loan, if the borrower refinances with Freddie Mac.	If the loan is not held in a securitized pool, Freddie Mac may provide economic incentive to the new borrower of up to 1% of the current unpaid principal balance to induce it to finance the acquisition with Freddie Mac.