source:
  type: regulation
  id: fhlmc-5307.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
    (04/01/26)
  description: "Freddie Mac Guide §5307.1 (Assets as a basis for repayment of obligations). Gap-fill (verbatim,\
    \ ID-diff). \n"
obligations:
- id: fhlmc-5307.1-0
  canonical_id: fhlmc-5307.1-0
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: (04/01/26) This section contains information
    related to: ■ Mortgage eligibility requirements ■ Asset calculation method for establishing the debt payment-to-income
    (DTI) ratio ■ Asset eligibility and documentation requirements ■ Special delivery requirements Assets that will
    be u…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '(04/01/26) This section contains information related to: ■ Mortgage eligibility requirements
      ■ Asset calculation method for establishing the debt payment-to-income (DTI) ratio ■ Asset eligibility and
      documentation requirements ■ Special delivery requirements Assets that will be used by the Borrower for the
      repayment of their monthly obligations may be used to qualify the Borrower for the Mortgage, provided that,
      regardless of the underwriting path of the Mortgage, the requirements of this section and Section 5301.2 are
      met. Form 65, Uniform Residential Loan Application, should include information pertaining to the Borrower’s
      employment and income, even if the Borrower qualifies for the Mortgage solely based on assets. (a) Mortgage
      eligibility requirements The assets described in this Section 5307.1 may only be used to qualify the Borrower
      if the Mortgage meets all of the following requirements: ■ The Mortgage is secured by a 1- or 2-unit Primary
      Residence or a second home ■ The Mortgage is either a purchase transaction Mortgage, “no cash-out” refinance
      Mortgage or Freddie Mac Enhanced Relief Refinance® Mortgage ■ The Mortgage has a maximum loan-to-value (LTV)/total
      LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratio of 80%, unless the Mortgage is a Freddie
      Mac Enhanced Relief Refinance Mortgage, in which case the maximum ratios in Section 4304.3 apply (b) Asset
      calculation method for establishing the DTI ratio To determine the qualifying asset amount used to establish
      the DTI ratio, the following asset calculation method must be used:'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-1
  canonical_id: fhlmc-5307.1-1
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-2 Asset calculation method Step Requirement
    Step 1 Determine the total eligible documented asset amount. Step 2 Subtract all of the following from the total
    eligible documented assets: ◼ Any funds required to be paid by the Borrower to complete the transaction (e.g.,
    Down Pay…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-2 Asset calculation method Step Requirement Step 1 Determine the total eligible documented
      asset amount. Step 2 Subtract all of the following from the total eligible documented assets: ◼ Any funds
      required to be paid by the Borrower to complete the transaction (e.g., Down Payment and Closing Costs), ◼
      Any gift funds and borrowed funds ◼ Any portion of assets pledged as collateral for a loan or otherwise encumbered
      Net eligible assets: The resulting figure is the “net eligible assets.” Step 3 Divide the “net eligible assets”
      by 240. Qualifying asset amount: The resulting figure is the “qualifying asset amount” used to establish the
      DTI ratio. (c) Asset eligibility and documentation requirements The assets described below may be used to
      qualify the Borrower for the Mortgage, provided that the assets meet the following requirements: (i) Retirement
      assets The following table contains eligibility, documentation and calculation requirements for retirement
      accounts: Retirement assets Topic Stable monthly asset qualification requirements Asset eligibility ■ The
      retirement assets must be in a retirement account recognized by the Internal Revenue Service (IRS) (e.g.,
      401(k), IRA) ■ Borrower must be the sole owner ■ The asset must not currently be used as a source of income
      by the Borrower ■ As of the Note Date, the Borrower must have access to withdraw the funds in their entirety,
      less any portion'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-2
  canonical_id: fhlmc-5307.1-2
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-3 Retirement assets Topic Stable monthly
    asset qualification requirements pledged as collateral for a loan or otherwise encumbered, without being subject
    to a penalty or an additional early distribution tax ■ The Borrower’s rights to the funds in the account must
    be fully ves…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-3 Retirement assets Topic Stable monthly asset qualification requirements pledged as collateral
      for a loan or otherwise encumbered, without being subject to a penalty or an additional early distribution
      tax ■ The Borrower’s rights to the funds in the account must be fully vested ■ Cryptocurrency may not be considered
      in the calculation of net eligible assets for establishing the DTI ratio described in Section 5307.1(b) Documentation
      Streamlined Accept and Standard Documentation: ■ Most recent retirement asset account statement ■ Documentation
      evidencing asset eligibility requirements are met Calculation Refer to asset calculation method in Section
      5307.1(b) above. (ii) Lump-sum distribution funds not deposited into an eligible retirement asset The following
      table contains eligibility, documentation and calculation requirements for lump-sum distribution funds not
      deposited into an eligible retirement asset: Lump-sum distribution funds not deposited into an eligible retirement
      asset Topic Stable monthly asset qualification requirements Asset eligibility If the lump-sum distribution
      funds have been deposited into an eligible retirement asset, follow the requirements for retirement assets
      described in the table above. If the lump-sum distribution funds have been deposited into a depository or
      non-retirement securities account, the requirements in this table apply. ■ Lump-sum distribution funds must
      be derived from a retirement account recognized by the IRS (e.g., 401(k), IRA) and must be deposited into
      a depository or non- retirement securities account ■ A Borrower must have been the recipient of the lump-sum
      distribution funds'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-3
  canonical_id: fhlmc-5307.1-3
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-4 Lump-sum distribution funds not deposited
    into an eligible retirement asset Topic Stable monthly asset qualification requirements ■ Parties not obligated
    on the Mortgage may not have an ownership interest in the account that holds the funds from the lump-sum distribution
    ■ …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-4 Lump-sum distribution funds not deposited into an eligible retirement asset Topic Stable
      monthly asset qualification requirements ■ Parties not obligated on the Mortgage may not have an ownership
      interest in the account that holds the funds from the lump-sum distribution ■ The proceeds from the lump-sum
      distribution must be immediately accessible in their entirety ■ The proceeds from the lump-sum distribution
      must not have been or currently be subject to a penalty or early distribution tax Documentation Streamlined
      Accept and Standard Documentation: ■ Employer distribution letter(s) and/or check-stub(s) evidencing receipt
      and type of lump-sum distribution funds; IRS 1099-R (if it has been received) ■ Satisfactorily documented
      evidence of the following: ❑ Funds verified in the non-retirement account and used for qualification must
      have been derived from eligible retirement assets ❑ Lump-sum distribution funds must not have been or currently
      be subject to a penalty or early distribution tax Calculation Refer to the asset calculation method in Section
      5307.1(b) above. (iii)Depository accounts and securities (as described in Section 5501.3) The following table
      contains eligibility, documentation and calculation requirements for depository accounts and securities: Depository
      accounts and securities (as described in Section 5501.3) Topic Stable monthly asset qualification requirements
      Asset eligibility ■ The Borrower must solely own assets or, if the asset is owned jointly, each asset owner
      must be a Borrower on the Mortgage and/or on the title to the subject property ■ Accounts held in the name
      of a Living Trust are considered to be owned by the Borrower when the Borrower is the Settlor of the Living
      Trust'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-4
  canonical_id: fhlmc-5307.1-4
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-5 Depository accounts and securities
    (as described in Section 5501.3) Topic Stable monthly asset qualification requirements ■ When the Borrower is
    a Living Trust, the Underwritten Settlor is considered to be the owner of the accounts held in the name of the
    trust ■ At least o…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-5 Depository accounts and securities (as described in Section 5501.3) Topic Stable monthly
      asset qualification requirements ■ When the Borrower is a Living Trust, the Underwritten Settlor is considered
      to be the owner of the accounts held in the name of the trust ■ At least one Borrower who is an account owner
      must be at least 62 years old ■ As of the Note Date, the Borrower must have access to withdraw the funds in
      their entirety, less any portion pledged as collateral for a loan or otherwise encumbered, without being subject
      to a penalty ■ Account funds must be located in a U.S.- or State- regulated financial institution and verified
      in U.S. dollars ■ Cryptocurrency may not be considered in the calculation of net eligible assets for establishing
      the DTI ratio described in Section 5307.1(b) Documentation Streamlined Accept Documentation: Provide an account
      statement covering a one-month period or a direct account verification (i.e., verification of deposit (VOD))
      For securities: If the Borrower does not receive a stock/security account statement: ■ Provide evidence the
      security is owned by the Borrower, and ■ Verify value using stock prices from a financial publication or website
      Standard Documentation: Provide account statement(s) covering a two-month period or a direct account verification
      (i.e., VOD) For securities: If the Borrower does not receive a stock/security account statement: ■ Provide
      evidence the security is owned by the Borrower, and ■ Verify value using stock prices from a financial publication
      or website In addition to the documentation requirements above, the following requirements apply to all Mortgages:
      ■ Documentation evidencing asset eligibility requirements are met ■ Sourcing deposits:'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-5
  canonical_id: fhlmc-5307.1-5
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-6 Depository accounts and securities
    (as described in Section 5501.3) Topic Stable monthly asset qualification requirements ❑ The Seller must document
    the source of funds for any deposit exceeding 10% of the Borrower’s total eligible assets in depository accounts
    and securiti…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-6 Depository accounts and securities (as described in Section 5501.3) Topic Stable monthly
      asset qualification requirements ❑ The Seller must document the source of funds for any deposit exceeding
      10% of the Borrower’s total eligible assets in depository accounts and securities and verify the deposit does
      not include gifts or borrowed funds or reduce the eligible assets used to qualify the Borrower by the amount
      of the deposit ❑ When the source of funds can be clearly identified from the deposit information on the account
      statement (e.g., direct payroll deposits) or other documented income or asset source in the Mortgage file,
      the Seller is not required to obtain additional documentation Calculation Refer to the asset calculation method
      in Section 5307.1(b) above (iv) Assets from the sale of the Borrower’s business The following table contains
      eligibility, documentation and calculation requirements for assets from the sale of the Borrower’s business:
      Assets from the sale of the Borrower’s business Topic Stable monthly asset qualification requirements Asset
      eligibility ■ The Borrower(s) must be the sole owner(s) of the proceeds from the sale of the business that
      were deposited to the depository or non-retirement securities account ■ Parties not obligated on the Mortgage
      may not have an ownership interest in the account that holds the proceeds from the sale of the Borrower’s
      business ■ The proceeds from the sale of the business must be immediately accessible in their entirety ■ The
      sale of the business must not have resulted in the following: retention of business assets, existing secured
      or unsecured debt, ownership interest or seller-held notes to buyer of business Documentation Streamlined
      Accept and Standard Documentation:'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
- id: fhlmc-5307.1-6
  canonical_id: fhlmc-5307.1-6
  section: Freddie Mac Guide 5307.1
  description: '5307.1 Assets as a basis for repayment of obligations: 307-7 Assets from the sale of the Borrower’s
    business Topic Stable monthly asset qualification requirements ■ Most recent three months’ depository or securities
    account statements ■ Fully executed closing documents evidencing final sale of business to include sales price
    and net …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - fhlmc-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide §5307.1 — Assets as a basis for repayment of obligations
      (04/01/26)
    source_class: gse-guide
    source_url: https://guide.freddiemac.com/
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '307-7 Assets from the sale of the Borrower’s business Topic Stable monthly asset qualification
      requirements ■ Most recent three months’ depository or securities account statements ■ Fully executed closing
      documents evidencing final sale of business to include sales price and net proceeds ■ Contract for sale of
      business ■ Most recent business tax return prior to sale of business ■ Satisfactorily documented evidence
      that the funds verified in the non-retirement account and used for qualification were derived from the sale
      of the Borrower’s business Calculation Refer to the asset calculation method in Section 5307.1(b) above (d)
      Special delivery requirements The Seller must deliver the ULDD Data Point Investor Feature Identifier valid
      value “H31” for Mortgages using assets as a basis for repayment of obligations. Note: See Section 6302.33
      for special delivery requirements.'
    drafter_attestation: Verbatim from Freddie Guide §5307.1 body (max-gap occurrence), snapshot 5869ee9e606cd4ae;
      substring-verified.
  judgment: false
