source:
  type: guide
  id: fhlmc-5501.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5501.2 — Reserves
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 5501.2 — Reserves.
  coverage_tier: operative
obligations:
- id: fhlmc-5501.2-full
  canonical_id: fhlmc-5501.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 5501.2 — Reserves
  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 5501.2 — Reserves
    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: '5501.2: Reserves (03/04/26) Reserves are Borrower’s assets remaining
      after the Mortgage closing. The source of funds used for reserves, when needed
      to qualify the Borrower, must meet the eligibility and documentation requirements
      in Sections 5501.3 and 5501.4. This section contains requirements related to:
      ■ Calculation of reserves ■ Minimum required reserves (a) Calculation of reserves
      Reserves are measured by the number of months of the monthly payment amount
      for the property. The monthly payment amount is the sum of the following monthly
      charges: ■ Principal and interest payments on the Mortgage ■ Property hazard
      insurance premiums ■ Real estate taxes ■ When applicable: ❑ Mortgage insurance
      premiums ❑ Leasehold payments ❑ Homeowners association dues (excluding unit
      utility charges) ❑ Payments on secondary financing Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 5501 As of 03/04/26 Page 5501-7 When calculating
      reserves for the subject property, the principal and interest payment of the
      monthly payment amount must be based, at a minimum, on the Note Rate. When calculating
      reserves for other properties, the monthly payment amount for the property must
      be no less than the current monthly payment amount. (b) Minimum required reserves
      The minimum reserves requirements, as described below, must be met. (i) For
      Loan Product Advisor® Mortgages The Seller must verify all reserves required
      by Loan Product Advisor, as stated on the Feedback Certificate. (ii) For Manually
      Underwritten Mortgages The verified reserves must equal or exceed the following
      reserves requirements: Required reserves for Manually Underwritten Mortgages
      Subject property Required reserves Primary Residence – 1-unit None Primary Residence
      – 2- to 4-unit Six months for the subject property Note: See Section 4501.7
      for minimum reserves requirements for Home Possible® Mortgages and Section 4504.7(b)
      for minimum reserves requirements for HeritageOne® Mortgages. (iii)Multiple
      Mortgage applications for the same Borrower When the Seller is processing multiple
      Mortgage applications for the same Borrower, the same assets may be used to
      meet the reserve requirements for each Mortgage transaction.'
  judgment: false
