source:
  type: guide
  id: fhlmc-5602.4
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5602.4 — ACE+
    PDR
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 5602.4 — ACE+
    PDR.
  coverage_tier: operative
obligations:
- id: fhlmc-5602.4-full
  canonical_id: fhlmc-5602.4-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 5602.4 — ACE+ PDR
  type: do
  tags:
  - regulator-direct
  - fhlmc
  - freddie-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5602.4 — ACE+
      PDR
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '5602.4: ACE+ PDR (05/06/26) Refer to Bulletin 2025-7, which
      announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6. Sellers
      may begin delivering UAD 3.6-compliant appraisals prior to the mandatory effective
      November 2, 2026 version of this section. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 5602 As of 05/06/26 Page 5602-12 This section contains requirements
      related to: ■ ACE+ PDR overview ■ Process for qualifying for and accepting the
      ACE+ PDR offer ■ Eligible Mortgages ■ Ineligible Mortgages ■ Conditions that
      prevent the Seller from accepting the ACE+ PDR offer ■ Acceptable age of the
      ACE+ PDR offer ■ Data changes that impact ACE+ PDR eligibility ■ ACE+ PDR requirements
      for Settlement Dates more than 120 days after the Note Date ■ ACE+ PDR eligibility
      in disaster areas ■ Seller representation of property review or valuation ■
      ACE+ PDR additional requirements ■ Beyond ACE application programming interface
      (bACE API) submission requirement (a) ACE+ PDR overview For certain Loan Product
      Advisor® Mortgages, the Seller may receive the option to accept an ACE+ PDR
      offer and originate the Mortgage with a PDR. If the Seller accepts the ACE+
      PDR offer, Freddie Mac will: ■ Accept as the value of the Mortgaged Premises:
      ❑ The purchase price of the Mortgaged Premises, for purchase transactions, or
      ❑ The estimated value of the Mortgaged Premises, for refinance transactions
      ■ Not exercise its remedies, including the issuance of repurchase requests,
      in connection with a breach of the Seller’s selling representations and warranties
      related to the value of the Mortgaged Premises For refinance transactions, the
      Sellers must have written procedures in place that prohibit changes to the estimated
      value in Loan Product Advisor for the purpose of obtaining ACE+ PDR or more
      favorable Mortgage terms (e.g., avoiding mortgage insurance). Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 5602 As of 05/06/26 Page 5602-13 The procedures
      must include a process for establishing the estimated value, which may include,
      but is not limited to, the use of the Borrower’s estimated value, an Automated
      Valuation Model (AVM) or an online valuation tool or website. For purchase transaction
      Mortgages, the Seller must review the sales contract and, if provided, the property
      disclosure statement, for adverse physical property deficiencies. Examples of
      an adverse physical property deficiency include, but are not limited to: ■ A
      contaminated site or hazardous substance that affects the property or the Neighborhood
      in which the property is located ■ The property has a deficiency that is consistent
      with a C5 or C6 condition rating (e.g., active roof leak(s), damaged or failing
      foundation). Refer to Section 5605.5(a) for further information related to property
      condition. Note: Refer to Section 5603.3(a) for further information on property
      disclosure statements. (b) Process for qualifying for and accepting the ACE+
      PDR offer For a Mortgage to qualify for an ACE+ PDR offer: ■ The Mortgage must
      be an Accept Mortgage ■ The Last Feedback Certificate must indicate the Mortgage
      is eligible for representation and warranty relief with ACE or ACE+ PDR. (This
      represents the “offer.”) ■ The final submission of the Mortgage to Loan Selling
      Advisor® must indicate the representation and warranty relief status is “Y”
      or “Yes” In lieu of accepting the ACE+ PDR offer, the Seller may deliver the
      Mortgage with an appraisal report if the eligibility requirements for the selected
      appraisal type are met For Mortgages that receive an ACE+ PDR offer, to accept
      the ACE+ PDR offer, the Seller must deliver the Mortgage with the ULDD Data
      Points identified in the data delivery instructions in Section 6302.10(c). (c)
      Eligible Mortgages To be eligible for an ACE+ PDR offer, the Mortgage must:
      ■ Be secured by a 1-unit dwelling that is either a Primary Residence or a second
      home ■ Meet the following occupancy and maximum loan-to-value (LTV)/total LTV
      (TLTV) ratio requirements: Freddie Mac Single-Family Seller/Servicer Guide Chapter
      5602 As of 05/06/26 Page 5602-14 Mortgage purpose Occupancy type Maximum LTV/TLTV
      ratios Purchase Primary Residence or second home Program limits* “No cash-out”
      refinance Primary Residence or second home 90% Cash-out refinance Primary Residence
      70% Second home 60% *A TLTV ratio up to program limits for the associated Mortgage
      product (d) Ineligible Mortgages The following Mortgages are ineligible for
      ACE+ PDR: ■ Mortgages for which an appraisal has been obtained in connection
      with the Mortgage ■ Mortgages secured by one of the following: ❑ A Manufactured
      Home, or ❑ A leasehold estate ■ Mortgages secured by Mortgaged Premises subject
      to resale restrictions, excluding those subject to age-based resale restrictions
      ■ Mortgages secured by a property acquired in a Non-arm’s Length Transaction
      ■ Mortgages secured by a property where the property owner at the time of sale
      (i.e., the property seller) is a lender or government entity ■ Mortgages with
      an estimate of value or purchase price greater than $1,000,000 ■ CHOICERenovation®
      Mortgages ■ Community Land Trust Mortgages ■ Construction to Permanent Mortgages
      ■ Cooperative Share Loans ■ Freddie Mac Enhanced Relief Refinance® Mortgages
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 5602 As of 05/06/26
      Page 5602-15 ■ GreenCHOICE Mortgages® ■ Renovation Mortgages ■ Seller-Owned
      Modified Mortgages that are Home Possible® Mortgages ■ Texas Equity Section
      50(a)(6) and Texas Section 50(f)(2) Mortgages (e) Conditions that prevent the
      Seller from accepting the ACE+ PDR offer Sellers may not accept the ACE+ PDR
      offer if: ■ An appraisal is required by law or regulation ■ Rental income from
      an ADU on a subject 1-unit Primary Residence is used to qualify the Borrower
      (f) Acceptable age of the ACE+ PDR offer The ACE+ PDR offer provided through
      the Loan Product Advisor Feedback Certificate message is valid for 120 days.
      If the offer is more than 120 days old on the Note Date, resubmission to Loan
      Product Advisor is required to determine ongoing ACE+ PDR eligibility. (g) Data
      changes that impact ACE+ PDR eligibility If the Seller changes loan data (e.g.,
      address of the property, loan amount, purchase price, estimate of value, loan
      type, property type, occupancy of the property, etc.) in a subsequent submission,
      the original offer will become invalid, and Loan Product Advisor may provide
      a different eligibility determination. (h) ACE+ PDR requirements for Settlement
      Dates more than 120 days after the Note Date If the Settlement Date is more
      than 120 days after the Note Date, the Seller must warrant that the value of
      the subject property as of the Settlement Date is no less than the estimated
      value submitted to Loan Product Advisor. (i) ACE+ PDR eligibility in disaster
      areas If the Mortgaged Premises is located in a disaster area, the Seller may
      accept an ACE+ PDR offer if the Seller can represent and warrant that the value
      and marketability of the Mortgaged Premises has not been adversely impacted.
      See Section 4407.1 for property condition requirements. (j) Seller representation
      of property review or valuation Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 5602 As of 05/06/26 Page 5602-16 A Seller that has accepted an ACE+
      PDR offer must not make any representation that Freddie Mac has performed a
      property review or obtained a valuation of the Mortgaged Premises. (k) ACE+
      PDR additional requirements Each Mortgage delivered with a PDR must retain the
      PDR in the Mortgage file and also comply with the additional requirements below:
      Additional PDR requirements Requirement type Section reference Qualification
      and requirements for the property data collector and Seller oversight Section
      5603.6 Exhibits for PDRs Section 5604.2(h) Age of the PDR Section 5604.3(c)
      PDRs with required repairs and/or inspections Section 5605.8 ACE+ PDR upgrade
      to appraisal requirements Section 5604.1(d) (l) bACE API submission requirement
      The PDR must be submitted to the bACE API. 5602.4: ACE+ PDR (Future effective
      date 11/02/26) This section contains requirements related to: Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 5602 As of 05/06/26 Page 5602-17 ■ ACE+ PDR overview
      ■ Process for qualifying for and accepting the ACE+ PDR offer ■ Eligible Mortgages
      ■ Ineligible Mortgages ■ Conditions that prevent the Seller from accepting the
      ACE+ PDR offer ■ Acceptable age of the ACE+ PDR offer ■ Data changes that impact
      ACE+ PDR eligibility ■ ACE+ PDR requirements for Settlement Dates more than
      120 days after the Note Date ■ ACE+ PDR eligibility in disaster areas ■ Seller
      representation of property review or valuation ■ ACE+ PDR additional requirements
      ■ Beyond ACE application programming interface (bACE API) submission requirement
      (a) ACE+ PDR overview For certain Loan Product Advisor® Mortgages, the Seller
      may receive the option to accept an ACE+ PDR offer and originate the Mortgage
      with a PDR. If the Seller accepts the ACE+ PDR offer, Freddie Mac will: ■ Accept
      as the value of the Mortgaged Premises: ❑ The purchase price of the Mortgaged
      Premises, for purchase transactions, or ❑ The estimated value of the Mortgaged
      Premises, for refinance transactions ■ Not exercise its remedies, including
      the issuance of repurchase requests, in connection with a breach of the Seller’s
      selling representations and warranties related to the value of the Mortgaged
      Premises For refinance transactions, the Sellers must have written procedures
      in place that prohibit changes to the estimated value in Loan Product Advisor
      for the purpose of obtaining ACE+ PDR or more favorable Mortgage terms (e.g.,
      avoiding mortgage insurance). Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 5602 As of 05/06/26 Page 5602-18 The procedures must include a process
      for establishing the estimated value, which may include, but is not limited
      to, the use of the Borrower’s estimated value, an Automated Valuation Model
      (AVM) or an online valuation tool or website. For purchase transaction Mortgages,
      the Seller must review the sales contract and, if provided, the property disclosure
      statement, for adverse physical property deficiencies. Examples of an adverse
      physical property deficiency include, but are not limited to: ■ A contaminated
      site or hazardous substance that affects the property or the Neighborhood in
      which the property is located ■ The property has a deficiency that is consistent
      with a C5 or C6 condition rating (e.g., active roof leak(s), damaged or failing
      foundation). Refer to Section 5605.5(a) for further information related to property
      condition. Note: Refer to Section 5603.3(a) for further information on property
      disclosure statements. (b) Process for qualifying for and accepting the ACE+
      PDR offer For a Mortgage to qualify for an ACE+ PDR offer: ■ The Mortgage must
      be an Accept Mortgage ■ The Last Feedback Certificate must indicate the Mortgage
      is eligible for representation and warranty relief with ACE or ACE+ PDR. (This
      represents the “offer.”) ■ The final submission of the Mortgage to Loan Selling
      Advisor® must indicate the representation and warranty relief status is “Y”
      or “Yes” In lieu of accepting the ACE+ PDR offer, the Seller may deliver the
      Mortgage with an appraisal report if the eligibility requirements for the selected
      appraisal type are met For Mortgages that receive an ACE+ PDR offer, to accept
      the ACE+ PDR offer, the Seller must deliver the Mortgage with the ULDD Data
      Points identified in the data delivery instructions in Section 6302.10(c). (c)
      Eligible Mortgages To be eligible for an ACE+ PDR offer, the Mortgage must:
      ■ Be secured by a 1-unit dwelling that is either a Primary Residence or a second
      home ■ Meet the following occupancy and maximum loan-to-value (LTV)/total LTV
      (TLTV) ratio requirements: Freddie Mac Single-Family Seller/Servicer Guide Chapter
      5602 As of 05/06/26 Page 5602-19 Mortgage purpose Occupancy type Maximum LTV/TLTV
      ratios Purchase Primary Residence or second home Program limits* “No cash-out”
      refinance Primary Residence or second home 90% Cash-out refinance Primary Residence
      70% Second home 60% *A TLTV ratio up to program limits for the associated Mortgage
      product (d) Ineligible Mortgages The following Mortgages are ineligible for
      ACE+ PDR: ■ Mortgages for which an appraisal has been obtained in connection
      with the Mortgage ■ Mortgages secured by one of the following: ❑ A Manufactured
      Home, or ❑ A leasehold estate ■ Mortgages secured by Mortgaged Premises subject
      to resale restrictions, excluding those subject to age-based resale restrictions
      ■ Mortgages secured by a property acquired in a Non-arm’s Length Transaction
      ■ Mortgages secured by a property where the property owner at the time of sale
      (i.e., the property seller) is a lender or government entity ■ Mortgages with
      an estimate of value or purchase price greater than $1,000,000 ■ CHOICERenovation®
      Mortgages ■ Community Land Trust Mortgages ■ Construction to Permanent Mortgages
      ■ Cooperative Share Loans ■ Freddie Mac Enhanced Relief Refinance® Mortgages
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 5602 As of 05/06/26
      Page 5602-20 ■ GreenCHOICE Mortgages® ■ Renovation Mortgages ■ Seller-Owned
      Modified Mortgages that are Home Possible® Mortgages ■ Texas Equity Section
      50(a)(6) and Texas Section 50(f)(2) Mortgages (e) Conditions that prevent the
      Seller from accepting the ACE+ PDR offer Sellers may not accept the ACE+ PDR
      offer if: ■ An appraisal is required by law or regulation ■ Rental income from
      an ADU on a subject 1-unit Primary Residence is used to qualify the Borrower
      (f) Acceptable age of the ACE+ PDR offer The ACE+ PDR offer provided through
      the Loan Product Advisor Feedback Certificate message is valid for 120 days.
      If the offer is more than 120 days old on the Note Date, resubmission to Loan
      Product Advisor is required to determine ongoing ACE+ PDR eligibility. (g) Data
      changes that impact ACE+ PDR eligibility If the Seller changes loan data (e.g.,
      address of the property, loan amount, purchase price, estimate of value, loan
      type, property type, occupancy of the property, etc.) in a subsequent submission,
      the original offer will become invalid, and Loan Product Advisor may provide
      a different eligibility determination. (h) ACE+ PDR requirements for Settlement
      Dates more than 120 days after the Note Date If the Settlement Date is more
      than 120 days after the Note Date, the Seller must warrant that the value of
      the subject property as of the Settlement Date is no less than the estimated
      value submitted to Loan Product Advisor. (i) ACE+ PDR eligibility in disaster
      areas If the Mortgaged Premises is located in a disaster area, the Seller may
      accept an ACE+ PDR offer if the Seller can represent and warrant that the value
      and marketability of the Mortgaged Premises has not been adversely impacted.
      See Section 4407.1 for property condition requirements. (j) Seller representation
      of property review or valuation Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 5602 As of 05/06/26 Page 5602-21 A Seller that has accepted an ACE+
      PDR offer must not make any representation that Freddie Mac has performed a
      property review or obtained a valuation of the Mortgaged Premises. (k) ACE+
      PDR additional requirements Each Mortgage delivered with a PDR must retain the
      PDR in the Mortgage file and also comply with the additional requirements below:
      Additional PDR requirements Requirement type Section reference Qualification
      and requirements for the property data collector and Seller oversight Section
      5603.6 Exhibits for PDRs Section 5604.2(h) Age of the PDR Section 5604.3(c)
      PDRs with required repairs and/or inspections Section 5605.9 ACE+ PDR upgrade
      to appraisal requirements Section 5604.1(d) (l) bACE API submission requirement
      The PDR must be submitted to the bACE API. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 5603 As of 05/06/26 Page 5603-1 Chapter 5603: Appraiser Independence
      Requirements, Property Data Collector Independence Requirements, Appraiser Engagement
      and Qualifications, Information Disclosure, Unacceptable Appraisal Practices
      and Property Data Collector Engagement, Qualifications and Oversight 5603.1:
      Appraiser Independence Requirements, Seller selection of appraisers and appraiser
      qualifications (01/26/26) Refer to Bulletin 2025-7, which announced the policy
      requirements for Uniform Appraisal Dataset (UAD) 3.6. Sellers may submit to
      the Uniform Collateral Data Portal® appraisal reports that use UAD 3.6 before
      the mandatory effective November 2, 2026 version of this section. This section
      contains requirements related to: ■ Seller responsibilities ■ Appraiser Independence
      Requirements ■ Appraiser and supervisory appraiser qualifications ■ Unlicensed
      and trainee appraisers ■ Seller representations and warranties regarding appraisers
      and appraisal reports ■ Representations by appraisers and appraisal management
      companies (a) Seller responsibilities The Seller is responsible for: ■ Complying
      with the Appraiser Independence Requirements ■ Selecting the appraiser Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 5603 As of 05/06/26 Page 5603-2
      ■ Requiring the appraiser to use the appropriate Freddie Mac appraisal report
      form ■ Complying with the Uniform Appraisal Dataset Freddie Mac does not select
      or approve individual appraisers or appraisal management companies. The Seller,
      or a third party authorized by the Seller, is responsible for approving and
      selecting the appraiser. The Seller warrants that the appraisal services provided
      comply with the Uniform Standards of Professional Appraisal Practice, applicable
      laws and Freddie Mac requirements. (b) Appraiser Independence Requirements For
      each conventional Mortgage sold to Freddie Mac, the Seller represents and warrants
      that the appraisal was obtained in accordance with Exhibit 35, Appraiser Independence
      Requirements. (c) Appraiser and supervisory appraiser qualifications The appraiser
      or supervisory appraiser must: ■ Be State-licensed or State-certified in the
      State in which the subject property is located, ■ Have knowledge and experience
      in appraising the property type in the Market Area, and ■ Have access to applicable
      data sources (d) Unlicensed and trainee appraisers Freddie Mac permits unlicensed
      and trainee (or similar classification) appraisers to complete an appraisal
      report in accordance with State law. If an appraisal report is completed by
      an unlicensed or trainee (or similar classification) appraiser: ■ A supervisory
      appraiser must sign the appraisal report ■ A supervisory appraiser is not required
      to inspect the subject property or comparable sales unless required by State
      law (e) Seller representations and warranties regarding appraisers and appraisal
      reports In addition to complying with the Appraiser Independence Requirements,
      with respect to each appraisal report, the Seller represents and warrants that:
      ■ All information known to the Seller that may affect the estimate of market
      value or marketability has been provided to the appraiser. It has reviewed the
      appraisal report and has determined the Mortgaged Premises is adequate collateral
      for the Mortgage transaction, as required by Section 4201.1. Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 5603 As of 05/06/26 Page 5603-3 ■ The appraisal
      report is of professional quality and supports all of the appraiser’s assumptions,
      data, analyses, rationale and conclusions regarding the opinion of market value
      of the property and the marketability of the Mortgaged Premises ■ The appraisal
      report is credible, internally consistent, clearly written, fully supported
      and sufficiently documented Deficient appraisals will be considered a breach
      of the Seller’s warranty regarding the acceptability of the Mortgage and will
      subject the Seller to the remedies available to Freddie Mac. In addition to
      reviewing the appraisal report submitted by the Seller, Freddie Mac may conduct
      property inspections and/or other investigations to verify property eligibility
      and proper underwriting of the Mortgages offered for sale to and sold to Freddie
      Mac. Freddie Mac may refuse to accept appraisal reports prepared by a particular
      appraiser. Note: See Section 3101.1 for additional requirements on the Freddie
      Mac Exclusionary List and Section 3101.2 for additional requirements on the
      FHFA Suspended Counterparty Program. (f) Representations by appraisers and appraisal
      management companies Appraisers and appraisal management companies must not
      make any representation to third parties as being approved by Freddie Mac. 5603.1:
      Appraiser Independence Requirements, Seller selection of appraisers and appraiser
      qualifications (Future effective date 11/02/26) This section contains requirements
      related to: ■ Seller responsibilities ■ Appraiser Independence Requirements
      ■ Appraiser and supervisory appraiser qualifications ■ Unlicensed and trainee
      appraisers ■ Seller representations and warranties regarding appraisers and
      appraisal reports ■ Representations by appraisers and appraisal management companies
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 5603 As of 05/06/26
      Page 5603-4 (a) Seller responsibilities The Seller is responsible for: ■ Complying
      with the Appraiser Independence Requirements ■ Selecting the appraiser ■ Ensuring
      the appraiser provides the appropriate appraisal report for the property type
      ■ Complying with the Uniform Appraisal Dataset Freddie Mac does not select or
      approve individual appraisers or appraisal management companies. The Seller,
      or a third party authorized by the Seller, is responsible for approving and
      selecting the appraiser. The Seller warrants that the appraisal services provided
      comply with the Uniform Standards of Professional Appraisal Practice, applicable
      laws and Freddie Mac requirements. (b) Appraiser Independence Requirements For
      each conventional Mortgage sold to Freddie Mac, the Seller represents and warrants
      that the appraisal report was obtained in accordance with Exhibit 35, Appraiser
      Independence Requirements. (c) Appraiser and supervisory appraiser qualifications
      The appraiser or supervisory appraiser must: ■ Be State-licensed or State-certified
      in the State in which the subject property is located, ■ Have knowledge and
      experience in appraising the property type in the Market Area, and ■ Have access
      to applicable data sources (d) Unlicensed and trainee appraisers Freddie Mac
      permits unlicensed and trainee (or similar classification) appraisers to complete
      an appraisal report in accordance with State law. If an appraisal report is
      completed by an unlicensed or trainee (or similar classification) appraiser:
      ■ A supervisory appraiser must sign the appraisal report ■ A supervisory appraiser
      is not required to inspect the subject property or comparable sales unless required
      by State law Freddie Mac Single-Family Seller/Servicer Guide Chapter 5603 As
      of 05/06/26 Page 5603-5 (e) Seller representations and warranties regarding
      appraisers and appraisal reports In addition to complying with the Appraiser
      Independence Requirements, with respect to each appraisal report, the Seller
      represents and warrants that: ■ All information known to the Seller that may
      affect the estimate of market value or marketability has been provided to the
      appraiser. It has reviewed the appraisal report and has determined the Mortgaged
      Premises is adequate collateral for the Mortgage transaction, as required by
      Section 4201.1. ■ The appraisal report is of professional quality and supports
      all of the appraiser’s assumptions, data, analyses, rationale and conclusions
      regarding the opinion of market value of the property and the marketability
      of the Mortgaged Premises ■ The appraisal report is credible, internally consistent,
      clearly written, fully supported and sufficiently documented Deficient appraisal
      reports will be considered a breach of the Seller’s warranty regarding the acceptability
      of the Mortgage and will subject the Seller to the remedies available to Freddie
      Mac. In addition to reviewing the appraisal report submitted by the Seller,
      Freddie Mac may conduct property inspections and/or other investigations to
      verify property eligibility and proper underwriting of the Mortgages offered
      for sale to and sold to Freddie Mac. Freddie Mac may refuse to accept appraisal
      reports prepared by a particular appraiser. Note: See Section 3101.1 for additional
      requirements on the Freddie Mac Exclusionary List and Section 3101.2 for additional
      requirements on the FHFA Suspended Counterparty Program. (f) Representations
      by appraisers and appraisal management companies Appraisers and appraisal management
      companies must not make any representation to third parties as being approved
      by Freddie Mac. 5603.2: Seller verification of subject property owner of record
      (02/04/26) Effective February 4, 2026, the contents of this section have been
      moved to Section 5601.7. Freddie Mac Single-Family Seller/Servicer Guide Chapter
      5603 As of 05/06/26 Page 5603-6 5603.3: Information supplied to the appraiser
      and Borrower (05/06/26) 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 Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 5603 As of 05/06/26 Page 5603-7 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.'
  judgment: false
