Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage

fhlmc-4201-7

Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage.

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source:
  type: guide
  id: fhlmc-4201.7
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage.
  coverage_tier: operative
obligations:
  - id: fhlmc-4201.7-full
    canonical_id: fhlmc-4201.7-full
    section: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage
    description: ''
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - fhlmc
      - freddie-guide
      - corpus-expansion
      - tier-operative
    primary_source:
      tier: 1
      authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage
      source_class: fhlmc-guide
      source_url: https://guide.freddiemac.com/ci-guide
      snapshot_id: 5869ee9e606cd4ae
      fetched_at: '2026-05-23T00:27:40Z'
      content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
      paragraph_quote: '4201.7: Assumption of Mortgage (04/02/25) A Mortgage not owned by Freddie Mac with respect to which the original Borrower has conveyed the Mortgaged Premises to a new owner is eligible for purchase by Freddie Mac provided that the new owner: ■ Is obligated by a written assumption agreement to repay the indebtedness secured by the Mortgaged Premises, and ■ Has been fully underwritten and qualified according to the requirements of Topics 5100 through 5500 and any other Guide sections applicable to the Mortgage being assumed. For example, if the Mortgaged Premises is a Manufactured Home, the provisions of Chapter 5703 must be satisfied.'

Verbatim regulatory text (1)

Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage — 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 Section 4201.7 — Assumption of Mortgage

4201.7: Assumption of Mortgage (04/02/25) A Mortgage not owned by Freddie Mac with respect to which the original Borrower has conveyed the Mortgaged Premises to a new owner is eligible for purchase by Freddie Mac provided that the new owner: ■ Is obligated by a written assumption agreement to repay the indebtedness secured by the Mortgaged Premises, and ■ Has been fully underwritten and qualified according to the requirements of Topics 5100 through 5500 and any other Guide sections applicable to the Mortgage being assumed. For example, if the Mortgaged Premises is a Manufactured Home, the provisions of Chapter 5703 must be satisfied.

Source: Freddie Mac Single-Family Seller/Servicer Guide Section 4201.7 — Assumption of Mortgage · source URL · snapshot 5869ee9e606cd4ae