Freddie Mac Single-Family Seller/Servicer Guide 4502.5 — Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios and value for Community Land Trust Mortgages

fhlmc-4502-5

Freddie Mac Single-Family Seller/Servicer Guide section 4502.5 — Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios and value for Community Land Trust Mortgages. Full verbatim section text, substring-verified against snapshot b2a8502812eeb077.

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Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 4502.5 — Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios and value 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.

Freddie Mac Single-Family Seller/Servicer Guide 4502.5 — Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios and value for Community Land Trust Mortgages

Effective 2026-10-07 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) HTLTV ratios ■ Value (a) Maximum LTV/TLTV/HTLTV ratios The LTV, TLTV and HTLTV ratios are based upon the appraised value of the leasehold interest, without the resale and other restrictions included in the Community Land Trust Ground Lease. The maximum LTV/TLTV/HTLTV ratio for cash-out refinance Mortgages, including Mortgages secured by Manufactured Homes, is 65%. Notes: ■ See Section 4203.1(b) for maximum LTV/TLTV/HTLTV ratios for purchase and “no cash-out” refinance Mortgages that are not secured by Manufactured Homes ■ See Section 5703.8 for maximum LTV/TLTV/HTLTV ratios for purchase and “no cashout” refinance Mortgages that are secured by Manufactured Homes (b) Value For both purchase and refinance transactions, “value” is the appraised value of the Mortgaged Premises as of the appraisal effective date. The appraised value must be determined in accordance with Section 4502.6. The LTV ratio is obtained by dividing the First Lien Mortgage amount by the appraised value as illustrated below: LTV ratio calculation Example Amount Appraised value $300,000 LTV ratio calculation Example Amount Purchase price $225,000 Subsidy amount $75,000 First Lien Mortgage amount $225,000 LTV ratio 75% Minimum required Borrower contribution for Down Payment* $0 *Minimum required Borrower contribution for Down Payment is determined by the product selected for Mortgages with an LTV of greater than 80%. See Section 5501.3(k). The purchase price excludes the subsidy amount that was provided to acquire the property. For this reason, the purchase price may not be a reliable indicator of appraised value since it reflects the subsidy amount. The LTV ratio is obtained by dividing the First Lien Mortgage amount by the “value” as described above.

Source: Freddie Mac Single-Family Seller/Servicer Guide 4502.5 — Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios and value for Community Land Trust Mortgages · source URL · snapshot e399c3dcaab28da0

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Source of record: https://claudeforcompliance.com/regs/fhlmc-4502-5/ · register fhlmc-4502-5 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.