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Relief Refinance Mortgages

Supporting Sustainable Homeownership Through the Making Home Affordable Program

The Freddie Mac Relief Refinance MortgageSM provides broad market availability with two options that help borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values.

Both the Same Servicer and Open Access options under the Relief Refinance Mortgage offering allow unlimited loan-to-value (LTV) ratios for fixed-rate mortgages, and relief from standard mortgage insurance requirements to provide qualified borrowers with expanded refinancing opportunities.

A portion of our Relief Refinance Mortgage offering, mortgages with LTV ratios greater than 80 percent, represents our business implementation of the Home Affordable Refinance Program® (HARP).

  • Relief Refinance Mortgage – Same Servicer offers simplified appraisal and borrower eligibility requirements.The mortgage being refinanced must be serviced by the Seller, or an Affiliate of the Seller and the Relief Refinance Mortgages must be originated by the Seller/Servicer or an Affiliate of the Seller.

  • Relief Refinance Mortgage – Open Access requires full underwriting by submitting mortgages for assessment through Loan Product Advisor®, offers simplified appraisal requirements, and may be originated by any Freddie Mac-approved Seller/Servicer. The mortgage being refinanced may be serviced by any Freddie Mac-approved Seller/Servicer.

Through these two refinancing options more borrowers will have options to refinance into mortgages that better position them for a successful long-term homeownership experience.

Complete requirements for Relief Refinance Mortgages – Same Servicer can be found in our Single-Family Seller/Servicer Guide (Guide) Chapter 4302. Requirements for the Relief Refinance Mortgages – Open Access are outlined in Guide Chapter 4303. Additional resources for Relief Refinance Mortgages and the Making Home Affordable Program are provided below.


Guide Bulletins

Training & Education

Making Home Affordable Resources

Home Affordable Refinance Program® is a registered trademark of the U.S. Department of Treasury.

Are You a Participating Lender?

Support sustainable homeownership opportunities by adding your company to our published list of Freddie Mac Sellers currently offering the Relief Refinance Mortgage.

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