source:
  type: guide
  id: fhlmc-5701.4
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5701.4 — Streamlined
    reviews
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 5701.4 — Streamlined
    reviews.
  coverage_tier: operative
obligations:
- id: fhlmc-5701.4-full
  canonical_id: fhlmc-5701.4-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 5701.4 — Streamlined
    reviews
  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 5701.4 — Streamlined
      reviews
    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: '5701.4: Streamlined reviews (03/05/25) In addition to the project
      review and eligibility requirements in Section 5701.2, Condominium Unit Mortgages
      must comply with all of the following requirements to be eligible for the streamlined
      project review type. This section contains requirements related to: ■ Project
      type ■ Maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit
      (HELOC) TLTV (HTLTV) ratios ■ Special assessments (a) Project type The Condominium
      Unit must be located in an Established Condominium Project. (b) Maximum loan-to-value
      (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios
      The Mortgage must not exceed the LTV/ TLTV/ HTLTV ratios for the occupancy type
      as indicated in the following table: Maximum LTV/TLTV/HTLTV ratios by occupancy
      type and project location Occupancy type Projects not located in Florida Projects
      located in Florida Primary Residence 90% 75/90/90% Second Home 75% 70/75/75%
      Investment Property 75% 70/75/75% Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 5701 As of 05/06/26 Page 5701-24 (c) Special assessments No more
      than 15% of the total number of units in a project are 60 or more days delinquent
      in the payment of each special assessment. Note: If the requirements for streamlined
      reviews in this Section 5701.4 are met, then the Seller is not required to comply
      with the requirements for any of the other project review types in Sections
      5701.5 (Established Condominium Project reviews), 5701.6 (New Condominium Project
      reviews), 5701.7 (Exempt from review) and 5701.9 (Reciprocal project reviews).
      5701.4: Streamlined reviews (Future effective date 08/03/26) Effective for Mortgages
      with Application Received Dates on or after August 3, 2026, Section 5701.4 is
      deleted.'
  judgment: false
