Identifying a First-Time Homebuyer in the Selling System

Guidance for Completing the First-Time Homebuyer Indicator Field

Per the Freddie Mac Single-Family Seller/Servicer Guide, Sellers are required to identify and deliver First-Time Homebuyer (FTHB) information on Form 11 and Form 13SF. To assist you in complying with our FTHB delivery requirements and to help ensure that we receive accurate FTHB data, we've implemented a critical edit when you evaluate each mortgage delivered through the selling system. The edit ensures that you complete the FTHB indicator field on the Form 11 or Form 13SF with either a "Y" or an "N" (yes or no) when the purpose of the loan field is owner-occupied/purchase (or indicated with a "1"). This field must be left blank when the purpose of loan field contains one of the following values:

• Owner-occupied/refinance ("2")
• Investment property/purchase ("3")
• Second home ("4")
• Investment property/refinance ("5")

In addition, when you import a null value in the FTHB indicator field on Form 11 or Form 13SF, the field remains blank.