source:
  type: guide
  id: fhlmc-4301.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4301.1 — Refinance
    Mortgages
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4301.1 — Refinance
    Mortgages.
  coverage_tier: operative
obligations:
- id: fhlmc-4301.1-full
  canonical_id: fhlmc-4301.1-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4301.1 — Refinance
    Mortgages
  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 4301.1 — Refinance
      Mortgages
    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: '4301.1: Refinance Mortgages (02/04/26) Freddie Mac will purchase
      refinance Mortgages under the terms of the Purchase Documents including this
      chapter. A refinance Mortgage is either: ■ A Mortgage, the proceeds of which
      are used to pay off an existing Mortgage or Mortgages secured by the Mortgaged
      Premises with the cancelation of the existing promissory note(s) and the execution
      of a new promissory note and Security Instrument, or ■ A Mortgage secured by
      Mortgaged Premises previously owned free and clear by the Borrower Freddie Mac
      purchases the following types of refinance Mortgages: ■ A “no cash-out” refinance,
      including: ❑ Freddie Mac Enhanced Relief Refinance® Mortgages ❑ Refi Possible®
      Mortgages ■ A cash-out refinance ■ A special purpose cash-out refinance Note:
      A Mortgage the proceeds of which are used to pay off an Interim Construction
      Financing must meet requirements of Chapter 4602 for Construction to Permanent
      Mortgages and Renovation Mortgages, including, but not limited to, how the transaction
      type (purchase or refinance) is determined. 4301.2: Borrower requirements for
      refinance Mortgages (12/05/25) When an existing Mortgage will be satisfied through
      a refinance transaction, at least one Borrower on the refinance Mortgage must
      be a Borrower on the Mortgage being refinanced as documented in the Mortgage
      file. Exceptions: Freddie Mac Single-Family Seller/Servicer Guide Chapter 4301
      As of 02/04/26 Page 4301-2 When no Borrower on the refinance Mortgage is a Borrower
      on the Mortgage being refinanced, one of the following must apply and be documented
      in the Mortgage file: ■ At least one Borrower on the refinance Mortgage held
      title to and resided in the Mortgaged Premises as a Primary Residence and has
      been making timely Mortgage payments, including the payments for any secondary
      financing, for the most recent 12-month period ■ At least one Borrower on the
      refinance Mortgage inherited or was legally awarded the Mortgaged Premises in
      accordance with a final judgment or decision from a legal body (e.g., court,
      jury, judge or arbitrator) such as in a case of divorce, separation or dissolution
      of a domestic partnership Note: A Living Trust may be made irrevocable by a
      Settlor’s death. To be an eligible Borrower at the time of the refinance transaction,
      the Borrower must continue to be a Living Trust that meets Freddie Mac’s revocability
      and, as applicable, other eligibility requirements.'
  judgment: false
