< Back to JVM's Blog

We NEED Freddie; You NEED Freddie; Does Your Lender Have Freddie?

We recently made clear that Fannie Mae and Freddie Mac are completely different entities, and how Freddie is much more flexible with respect to many underwriting guidelines. In light of this, I am often shocked by the large number of loan officers who have no access to Freddie at their companies.

Freddie has much higher loan-to-value limits for “high balance” loans (over $417,000). Freddie lends up to 80% LTV for high balance investment purchases (Fannie only lends to 65% LTV); Freddie lends up to 75% LTV for high balance cash out loans, while Fannie only lends to 60% LTV.

Freddie is also far more lenient when it comes to new condos and condo conversions, and this is a life-saver in the Bay Area where condo conversions are so prevalent.

We have several funding sources with 100% access to Freddie with no overlays. We could not do our jobs without these sources. Does your lender have 100% access to Freddie?

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646