Freddie Mac Single-Family Seller/Servicer Guide 5603.3 — Information supplied to the appraiser and Borrower

Freddie Mac Single-Family Seller/Servicer Guide 5603.3 — Information supplied to the appraiser and Borrower

Effective 2026-05-06 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Information supplied to the appraiser ■ Information supplied to the Borrower (a) Information supplied to the appraiser For each appraisal report request, the Seller, or an authorized third party, must provide the appraiser with the following information about the subject property: 1. The complete legal description (refer to Section 5605.3) 2. The complete sales contract for purchase transactions, including: ■ All non-realty items ■ Financing terms ■ Financing and sales concessions granted by anyone associated with the transaction, and ■ Any gifts, buydowns or Down Payment assistance provided by anyone on behalf of the Borrowers Note: For new construction, the sales contract should state the base price of the house and itemize each option. The Seller is not required to provide the appraiser with an updated sales contract unless the updated terms impact the physical description or condition of the property. In such cases, the Seller must obtain an updated appraisal report for the property. Changes to the sales contract that are not required to be provided to the appraiser include, but are not limited to: ■ Changes to the transaction terms such as sales price, financing or sale concessions, and ■ Date revisions, corrections to typographical errors, etc. 3. Any known affiliation between the property seller and the purchaser 4. Income and expense statements and property leases 5. Generally acceptable energy reports such as the Home Energy Rating System report and U.S. Department of Energy Home Energy Score report, if applicable 6. Ground Lease for leasehold properties (refer to Section 5704.2) 7. Any other information known to the Seller, including information identified during Seller’s review of a property disclosure statement, that could adversely affect the market value, condition or marketability of the subject property, including the existence of any Contaminated Site, Hazardous Substance or other adverse condition that affects the subject property or the Neighborhood in which the subject property is located (refer to Section 5605.4(b)). Note: A property disclosure statement (e.g., Residential Seller Disclosure Statement, Transfer Disclosure Statement, Property Condition Disclosure Form, Seller’s Residential Real Estate Disclosure) is completed by the property seller and covers general information about the property. If the property disclosure statement was provided to the Seller, the property disclosure statement must be reviewed for conditions that could adversely affect the market value, condition or marketability of the subject property. (Refer to Section 5605.5(a) for further information related to property condition.) (b) Information supplied to the Borrower For purchase transactions, the Seller must provide the Borrower with information regarding environmental hazards that directly impact the subject property and have not been mitigated or remediated, unless the Borrower already has notice of such hazard(s) through the purchase contract or property inspection. If at any time before the Note Date the Seller becomes aware of a hazard that adversely affects the market value, condition or marketability of the subject property, including the existence of a Contaminated Site, Hazardous Substance or other environmental condition that has not been mitigated or remediated, the Seller must disclose to the Borrower all information known to the Seller about the hazard.

Source: Freddie Mac Single-Family Seller/Servicer Guide 5603.3 — Information supplied to the appraiser and Borrower · source URL · snapshot 4c94f67729042dd6