source:
  type: guide
  id: fhlmc-4502.11
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 4502.11 — Landlord
    education
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 4502.11 — Landlord
    education.
  coverage_tier: operative
obligations:
- id: fhlmc-4502.11-full
  canonical_id: fhlmc-4502.11-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 4502.11 — Landlord
    education
  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 4502.11 — Landlord
      education
    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: '4502.11: Landlord education (03/05/25) For Mortgages secured
      by a 2-unit property, at least one qualifying Borrower must meet one of the
      following requirements: ■ Participate in a landlord education program before
      the Note Date, or ■ Have at least one year of previous landlord experience Landlord
      education cannot be provided by the originating lender, the Seller or any other
      interested party to the transaction. The Seller must retain in the Mortgage
      file a copy of the certificate evidencing successful completion of the landlord
      education program. Freddie Mac Single-Family Seller/Servicer Guide Chapter 4503
      As of 12/04/24 Page 4503-1 Chapter 4503: Affordable Housing Preservation: Shared
      Equity Programs – Income-based Resale Restrictions 4503.1: Shared equity programs
      – income-based resale restrictions (12/04/24) Mortgages secured by properties
      subject to income-based resale restrictions are eligible for sale to Freddie
      Mac provided they meet the requirements of Chapter 4406. These resale restrictions
      are typically imposed to create and preserve affordable housing by limiting
      the occupancy and resale of a property to individuals or households of very-low,
      low- or moderate-incomes. Freddie Mac Single-Family Seller/Servicer Guide Chapter
      4504 As of 04/12/26 Page 4504-1 Chapter 4504: HeritageOne® Mortgages 4504.1:
      Purchase of HeritageOne® Mortgages (03/05/25) Mortgages secured by properties
      located in Tribal Areas and made to Borrowers who are enrolled members of Native
      American Tribes that meet the requirements of this chapter and the Seller’s
      other Purchase Documents are eligible for sale to Freddie Mac as HeritageOne®
      Mortgages. 4504.2: Overview of HeritageOne® Mortgages (07/09/25) This section
      contains information related to: ■ Approved Sellers of HeritageOne® Mortgages
      ■ Negotiated underwriting provisions ■ Defined terms ■ Eligible property ■ First
      Lien priority ■ Assumable Mortgages ■ Special delivery requirements ■ Special
      Servicing requirements (a) Approved Sellers of HeritageOne Mortgages The Seller
      must obtain Freddie Mac’s written approval to sell HeritageOne Mortgages to
      Freddie Mac by contacting its Freddie Mac representative or Customer Service
      at 800- FREDDIE. (b) Negotiated underwriting provisions Unless specifically
      made applicable to HeritageOne Mortgages, negotiated underwriting provisions
      in the Seller’s Purchase Documents do not apply to HeritageOne Mortgages and
      cannot be used with HeritageOne Mortgages. Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 4504 As of 04/12/26 Page 4504-2 (c) Defined terms As used in this
      chapter, the following terms have the meanings ascribed to them below: Defined
      terms for HeritageOne Mortgages B BIA U.S. Department of the Interior Bureau
      of Indian Affairs. E Eligible Native American Tribe A Native American Tribe
      that either: ■ Is listed as a participating tribe in HUD’s most recent Section
      184 Participating Tribes List; or ■ Has entered into a memorandum of understanding
      with Freddie Mac that, to the Seller’s knowledge, is and will remain in full
      force and effect A list of Eligible Native American Tribes is available on Freddie
      Mac’s website. N Native American Tribe A federally recognized Indian tribe of
      the United States that is included in the BIA’s most recent publication of the
      notice titled “Indian Entities Recognized by and Eligible To Receive Services
      From the United States Bureau of Indian Affairs”. “Native American Tribe” includes
      any housing authority, utility, corporation, partnership or other entity that
      is partially or wholly owned by the Native American Tribe. T Tribal Area A census
      tract, or any portion thereof, that is designated as both a HUD Indian Housing
      Block Grant (IHBG) Area and a rural area under FHFA’s Duty to Serve Regulation
      and is identified as an “Indian area” in the current version of the FHFA’s Indian
      Areas File. (d) Eligible property The Mortgaged Premises must be located in
      the Tribal Area of an Eligible Native American Tribe. Mortgages must be secured
      by 1- to 4-unit Primary Residences, which may include: Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-3 ■ Manufactured
      Homes, including Manufactured Homes that are CHOICEHomes® ■ Condominium Units
      ■ Units located in Planned Unit Developments (PUDs) ■ Properties with ADUs (e)
      First Lien priority The Seller must comply with all statutory and regulatory
      requirements and obtain all approvals and signatures necessary to establish
      and maintain a valid First Lien on the Mortgaged Premises. The Security Instrument
      must be signed by all individuals or entities with an ownership interest in
      the Mortgaged Premises. See Section 4101.6 for additional information on signatures
      required for the Security Instrument. If necessary to establish or maintain
      the First Lien, the Seller must: ■ Obtain any necessary approvals or signatures
      from the U.S. Secretary of the Interior or the BIA, as applicable; and ■ Record
      the Security Instrument and all other Mortgage documents required to be recorded
      in the appropriate jurisdiction Even if not necessary to establish or maintain
      the First Lien, it is recommended that the Security Instrument and all other
      Mortgage documents required to be recorded also be recorded in the locality
      in which the Mortgaged Premises is located. (f) Assumable Mortgages Mortgages
      sold under the Guarantor program that meet the requirements of Section 4101.9(c)
      and this chapter may be assumable Mortgages, if permitted under the Seller’s
      Purchase Documents. (g) Special delivery requirements See Section 6302.50 for
      special delivery requirements for HeritageOne Mortgages. (h) Special Servicing
      requirements See Section 8406.1(d) and Chapter 8901 for special Servicing requirements
      for HeritageOne Mortgages, including requirements for post-closing Borrower
      counseling, Transfers of Servicing and Transfers of Ownership. Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 4504 As of 04/12/26 Page 4504-4 4504.3: Eligible
      Borrowers for HeritageOne® Mortgages (02/04/26) This section contains requirements
      related to: ■ Eligible Borrowers ■ Borrower income ■ Occupancy ■ Ownership of
      other property (a) Eligible Borrowers At least one Borrower must: ■ Be an enrolled
      member of a Native American Tribe, which may be a Native American Tribe other
      than the Eligible Native American Tribe within whose Tribal Area the Mortgaged
      Premises is located; and ■ Occupy the Mortgaged Premises as their Primary Residence
      Note: The Borrower cannot be a Native American Tribe. (b) Borrower income Borrowers
      are not subject to maximum income limits. (c) Occupancy The following occupancy
      requirements apply to HeritageOne® Mortgages: ■ For 1-unit properties, including
      Manufactured Homes, non-occupying Borrowers are permitted. Funds used to qualify
      for the Mortgage transaction may come from the occupying and/or non-occupying
      Borrower. ■ For 2- to 4-unit properties, all Borrowers must occupy the Mortgaged
      Premises as their Primary Residence (d) Ownership of other property As of the
      Note Date or, for Construction to Permanent Mortgages and Renovation Mortgages,
      the Effective Date of Permanent Financing, occupying Borrowers must not have
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 4504 As of 04/12/26
      Page 4504-5 an ownership interest in more than two financed residential properties,
      including the subject property.'
  judgment: false
