Freddie Mac Single-Family Seller/Servicer Guide 5701.12 — Delivery requirements for Condominium Unit Mortgages

Freddie Mac Single-Family Seller/Servicer Guide 5701.12 — Delivery requirements for Condominium Unit Mortgages

Effective 2026-08-03 · Freddie Mac's stamp for this section

Effective for Mortgages with Application Received Dates on or after August 3, 2026. This section contains requirements related to: ■ Uniform underwriting and transmittal summary form ■ Homeowners Association (HOA) taxpayer identification number(s) (TIN(s)) ■ Other delivery requirements (a) Uniform underwriting and transmittal summary form The Seller must select the appropriate project classification on Form 1077, Uniform Underwriting and Transmittal Summary, or indicate the appropriate project classification on an alternative equivalent form, and check the appropriate boxes based upon the Uniform Loan Delivery Dataset (ULDD) valid values in the table below. These categories correspond to the valid values to be delivered, as indicated. Project/Unit Type or Project Review Type Project classification - Form 1077 or alternative equivalent form Project Classification Identifier (Sort ID 42) Streamlined reviews (Section 5701.4) Streamlined Review Streamlined Review* Established Condominium Projects (Section 5701.5) Established Project Full Review New Condominium Projects (Section 5701.6) New Project Full Review Project/Unit Type or Project Review Type Project classification - Form 1077 or alternative equivalent form Project Classification Identifier (Sort ID 42) 2- to 4-Unit Condominium Project (Section 5701.7) Exempt From Review Exempt From Review 5- to 10-Unit Condominium Project not part of a Master Association (Section 5701.7) Exempt From Review Exempt From Review Detached Condominium Project (Section 5701.7) Exempt From Review Exempt From Review* Detached Condominium Units (Section 5701.7) Exempt From Review Exempt From Review Freddie Macowned “no cashout” refinance Condominium Unit Mortgage (Section 5701.7) Exempt From Review Exempt From Review Refi Possible® Mortgage (Section 5701.7) Exempt From Review Exempt From Review Reciprocal project reviews – Fannie Maeapproved and Seller certified projects (Section 5701.9) Reciprocal review and enter CPM Project ID# in the CPM Project ID# field Condo Project ManagerTM Review Project/Unit Type or Project Review Type Project classification - Form 1077 or alternative equivalent form Project Classification Identifier (Sort ID 42) Reciprocal review – FHA Approved Project (Section 5701.9) Reciprocal review and FHA-approved FHA_Approved Condominium Projects with a Project Certified status PAR finding (Section 5701.10) Exempt From Review Exempt From Review * See “Notes” for Sort ID 42 in Section 6302.20(b). The Seller must use only one category of Freddie Mac’s project classifications listed on Form 1077 or an alternative equivalent form. Below are examples of the appropriate category to select for an Established Condominium Project with a streamlined review and a Condominium Project that contains a mix of attached and detached units. Example 1: Established Condominium Project with a streamlined review Although the Seller could classify a Condominium Project in more than one category (i.e., an Established Condominium Project with a streamlined review could be coded either as an “Established project” or a “Streamlined review”), the Seller should classify such a Condominium Project as a “Streamlined review”; the Seller should select the “Established project” category only if Seller is unable to use the Streamlined review with Mortgages with Application Received Dates on or after August 3, 2026 and must do a Full Review for an Established project. Example 2: Condominium Project that contains a mix of attached, detached and semi detached units If a Condominium Project contains a mix of attached, detached and semi detached units and the valid value for ULDD Data Point Project Attachment Type (Sort ID 41) is “Attached,” the Seller may perform a streamlined review in compliance with the requirements of Section 5701.4 provided the Application Received Date is prior to August 3, 2026. In this case, the Seller must select the appropriate project classification of “Streamlined review” on Form 1077 or alternative equivalent form. The Seller should select the “Exempt From Review” category and enter “Detached Project” for the valid value for ULDD Data Point Project Attachment Type (Sort ID 41) only if the project meets the Glossary definition of a Detached Condominium Project (i.e., is comprised solely of Detached Condominium Units). When a “Reciprocal Review” is identified, the Seller must also provide additional information as shown above. For Fannie Mae-approved and certified projects, the CPM Project ID# must be entered in the “Fannie Mae Condo Project ManagerTM Project ID” field. (b) Homeowners Association (HOA) taxpayer identification number(s) (TIN(s)) Sellers are encouraged to obtain and deliver the TIN(s) for the HOA if available. See Section 6302.20(b)(i) for details. (a) Other delivery requirements See Section 6302.20 for delivery and pooling requirements for Condominium Unit Mortgages, in addition to delivery requirements for Fannie Mae-approved and certified projects.

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