
Get Freddie Mac Form 65 7/05 (rev 2020-2025
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The Freddie Mac 240 rule stipulates that borrowers must make a minimum down payment of 3% for certain mortgage products. This requirement is applicable to first-time homebuyers and helps facilitate easier access to home financing. Adhering to the 240 rule allows Freddie Mac to encourage responsible borrowing while ensuring the sustainability of the mortgage market. Utilizing the Freddie Mac Form 65 7/05 (rev) assists lenders in complying with this guideline.
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