Multifamily Refinance Test
Last Modified: February 21, 2013
The Refinance Test evaluates a borrower’s ability to successfully refinance a balloon balance at maturity. The intent of providing you with access to the Refinance Tool is to:
- Make the test results transparent to you early in the UW process.
- Encourage discussion between you and our underwriting staff to assess your deal in relation to the test results.
As always, when a loan does not pass the test, this is simply an indicator for you to discuss the parameters sooner with your underwriter. It does not necessarily mean Freddie Mac will not buy the loan.
February 11 2013 Refinance Test Template 
- The February 11 2013 version is the current version of the Refinance Test. It is required for new deals as of March 1, 2013.
November 8 2012 Refinance Test Template
- The November 8 2012 version of the Refinance Test Template continues to apply to all loans that are under application with the Seller/Servicer (money up) and are rate locked by March 31 2013.