Freddie Mac Single-Family Seller/Servicer Guide 4501.3 — Eligible property and appraisal requirements for Home Possible® Mortgages
Freddie Mac Single-Family Seller/Servicer Guide section 4501.3 — Eligible property and appraisal requirements for Home Possible® Mortgages. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4501.3 — Eligible property and appraisal requirements for Home Possible® Mortgages — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide 4501.3 — Eligible property and appraisal requirements for Home Possible® Mortgages
This section contains requirements related to: ■ Eligible property ■ Appraisal requirements (a) Eligible property A Home Possible® Mortgage must be secured by a 1- to 4-unit Primary Residence. Home Possible Mortgages secured by Manufactured Homes must comply with all requirements of Chapter 5703 and this chapter. Mortgages secured by a CHOICEHome® Manufactured Home must comply with the requirements of Section 5703.12 and this chapter. Home Possible Mortgages may be secured by a Cooperative Unit if permitted under the Seller’s Purchase Documents and must comply with the requirements of Chapter 5705. (b) Appraisal requirements The Seller must obtain an appraisal that meets the property eligibility and appraisal requirements of Topic 5600 unless the Last Feedback Certificate includes an automated collateral evaluation (ACE) offer stating that the Mortgage is eligible for collateral representation and warranty relief with ACE or ACE+ PDR and the Seller has accepted the offer. Note: See Section 5602.3 for more information on ACE or Section 5602.4 for ACE+ PDR.
Operationalizing Freddie Mac Single-Family Seller/Servicer Guide 4501.3 — Eligible property and appraisal requirements for Home Possible® Mortgages
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/fhlmc-4501-3/
· register fhlmc-4501-3 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.