Get Freddie Mac 3713 Form 2014-2024

The purpose of the Supplemental Consumer Information Form (SCIF) is to collect information on homeownership education and housing counseling and/or language preference to help lenders better understand the needs of borrowers during the home buying process.

With Home Possible, the lowest median FICO® Score to qualify is 620. However, if your median credit score is 680 or better, there are no additional pricing adjustments on the loan. If your score is below 680, there's a maximum price adjustment of 1.5% of the loan amount.

We encourage you to contact your servicer (often your bank or lender) to verify that your mortgage loan is owned or guaranteed by Fannie Mae or Freddie Mac, or you may verify it yourself by accessing the following websites: Fannie Mae .KnowYourOptions.com/loanlookup, Freddie Mac .freddiemac.com/mymortgage.

Certification is the process of comparing data in Loan Selling Advisor against the original note and related documents for discrepancies and to verify that the information on the documents meet Freddie Mac's certification requirements.

Freddie Mac does not intend to support hiring any students, exchange visitors, or recent graduates on F-1, J-1, or M-1 visas, or any individuals requiring sponsorship for an employment based visa application (such as H-1B) in connection with these openings.

alien is eligible for a Mortgage on the same terms as a U.S. citizen. eligible for sale to Freddie Mac. Is this an eligible transaction under applicable guidelines? Yes, the borrower has provided documentation verifying their non-permanent resident alien status.

Features of Home Possible® include low down payments, fixed-rate mortgages, reduced mortgage insurance coverage levels, flexible closing cost funding options, and no cash-out refinancing. Despite offering low down payments, Home Possible® mortgages include risk management features to pro- mote responsible lending.

Form 1103, Supplemental Consumer Information Form The SCIF must be presented to at least one Borrower on the loan to provide an opportunity for the Borrower to indicate the preferred language for completing the transaction; however, the Borrower is not obligated to complete it.