Adams Stirling PLC


Like Fannie Mae, Freddie Mac is sponsored by the federal government for the purpose of expanding the pool of money available for banks to loan to home buyers. It does so by buying mortgages from lenders. Unlike Fannie Mae, the mortgages need not be FHA insured.

Banks that wish to sell their mortgages to Freddie Mac must meet their loan guidelines. Those guidelines are similar to FHA and Fannie Mae guidelines and include the following:

  • All phases and amenities in the project must be 100% complete.

  • The developer may not own more than 10% of the units.

  • No more than 30% may be rentals.

  • At least 10% of the budget must be allocated to reserves.

  • No more than 15% of dues or assessments are delinquent more than 30 days.

  • No single entity owns more than 10% of the units.

For more information, see Condominium Project Reviews on Freddie Mac's website.

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Adams Stirling PLC