SUPERSEDED — prior version (Guide as of Bulletin 2026-11, published August 12, 2026) — Freddie Mac Single-Family Seller/Servicer Guide 4502.4 — Loan purpose, eligible property and occupancy types and underwriting requirements for Community Land Trust Mortgages
SUPERSEDED — this is the PRIOR text of Freddie Mac Guide Section 4502.4 (Loan purpose, eligible property and occupancy types and underwriting requirements for Community Land Trust Mortgages), dated 06/04/25, as published in the Guide as of Bulletin 2026-11 (August 12, 2026). Freddie Mac changed this section: the Guide as of Bulletin 2026-13 (October 7, 2026) carries a revised text (Bulletin 2026-13 (October 7, 2026)). Retained because a loan or exam period governed by the earlier text needs the version in force at the time.
Superseded — retained for reference. The operative requirements have moved to the current rule (see the description above).
Verbatim regulatory text
Verbatim provisions from SUPERSEDED — prior version (Guide as of Bulletin 2026-11, published August 12, 2026) — Freddie Mac Single-Family Seller/Servicer Guide 4502.4 — Loan purpose, eligible property and occupancy types and underwriting requirements for Community Land Trust 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.
[SUPERSEDED] Freddie Mac Single-Family Seller/Servicer Guide 4502.4 — Loan purpose, eligible property and occupancy types and underwriting requirements for Community Land Trust Mortgages
This section contains subsections related to: ■ Loan purpose ■ Eligible property and occupancy types ■ Underwriting requirements (a) Loan purpose A Community Land Trust Mortgage may be a purchase, “no cash-out” refinance or cash-out refinance Mortgage. In addition to the requirements of Chapter 4301 relating to refinance Mortgages, any refinance transaction must comply with the applicable requirements of the Community Land Trust, including, but not limited to, the amount of the refinance Mortgage and, in the case of a cash-out refinance Mortgage, the amount of proceeds disbursed to the Borrower. The Seller must obtain and retain in the Mortgage file documentation signed by the Community Land Trust or its authorized representative permitting the Borrower to enter into a refinance transaction. (b) Eligible property and occupancy types A Community Land Trust Mortgage must be secured by a 1- or 2-unit Primary Residence that is not a Manufactured Home. A Community Land Trust Mortgage secured by a 1-unit Primary Residence may be a CHOICEHome®. Note: For requirements for CHOICEHome Mortgages, see Section 5703.12. (c) Underwriting requirements A Community Land Trust Mortgage may be submitted to Loan Product Advisor® or may be a Manually Underwritten Mortgage. Note: For Community Land Trust Mortgages, minimum Down Payment requirements are based on the purchase price.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-4502-4-superseded-2026-10/
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