© 2018 Freddie Mac Single-Family Seller Servicer Guide
Financed Permanent Buydown Mortgages must have the following characteristics:
- The Mortgage must be an eligible fixed-rate, level payment Mortgage, or a 5/5, 5/1, 7/1 or 10/1 ARM
- The Mortgage must not be an A-minus Mortgage
- The Mortgage must not be a Home Possible® Mortgage
- The Mortgage must not be an Affordable Merit Rate® Mortgage
- The Mortgage must not be an FHA Mortgage, a VA Mortgage, a Section 502 GRH Mortgage, or a Section 184 Native American Mortgage
- The Mortgage must not be a Freddie Mac HomeOneSM Mortgage
- Temporary subsidy buydowns are not permitted