Laila Keith
If you're facing financial uncertainty, it's important to know who owns your loan. Freddie Mac offers a secured online loan lookup tool to help you find out if they own your loan. This is important because if Freddie Mac or Fannie Mae owns your mortgage, you may be eligible to refinance your mortgage with their Refi Possible™ or RefiNow™ programs. You can also use the tool to find out if Freddie Mac financed your apartment building.
| Characteristics | Values |
|---|---|
| Purpose | To find out if Freddie Mac owns your loan |
| Who is it for? | Homeowners, renters, and people looking to buy or sell a home |
| Requirements | First and last name, address, and last four digits of your Social Security Number |
| Results | If Freddie Mac owns your loan, the resulting page will show a match. If not, no match will be returned |
| Other Information | If you are having difficulty paying your mortgage, your lender should be your first call for assistance |
What You'll Learn
Freddie Mac loan lookup tool
Freddie Mac, an organisation that supports America's homeowners and renters, offers a range of lookup tools for its loan services. The Freddie Mac Loan Lookup Tool allows individuals to quickly find out if Freddie Mac owns their loan. This is important for borrowers to understand the options available for assistance with their mortgage. The tool requires careful entry of information, as small mistakes, typos, or abbreviations may lead to inaccurate results.
The Home Possible® Income and Property Eligibility Tool helps determine if a borrower can qualify for a Freddie Mac Home Possible® mortgage. This tool considers the property location and the borrower's income. It provides information on the Home Possible Income Limit, which is the maximum income allowed to qualify for the Home Possible mortgage. This limit is based on the specific census tract, with borrowers earning less than or equal to 50% of the county area median income potentially qualifying for a Very Low-Income Loan, and those earning between 50% and 80% qualifying for a Low-Income Loan.
Freddie Mac also provides lookup tools for its Multifamily Division, which offers liquidity and stability to the rental housing market. The Multifamily Securities Investor Access (MSIA) tool is complimentary and provides investors with information related to Freddie Mac Multifamily securities, MSCR notes, and their underlying collateral. The database also includes historical information on a subset of the Freddie Mac Multifamily Loan Portfolio since 1994, with details on original loan terms, identifiers for prepaid, defaulted, and delinquent loans, property information, and dates of real estate-owned sales. Additionally, investors can access historical issuances and pricing tables, as well as upcoming and past deal issuances for the current calendar year.
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Fannie Mae loan lookup tool
If you want to find out if Fannie Mae owns your mortgage, you can use their online Fannie Mae Loan Lookup Tool. This tool allows you to quickly determine if your mortgage is owned or guaranteed by Fannie Mae. To use the tool, simply fill out the form with your first and last name, address, and the last four digits of your Social Security Number. If Fannie Mae owns your loan, the resulting page will show a match. If not, no match will be returned.
It is important to carefully fill in every field of the form—a mistake, abbreviation, or typo can lead to inaccurate results. If you own a condo or townhome and received a "No Match," try a new search with your unit number in the designated unit field. If you are still unable to get a match, you can leave the unit field blank and enter your unit number in the address field.
If your mortgage is owned by Fannie Mae, you may be eligible for mortgage relief solutions such as a forbearance plan or loan modification. You might also qualify for RefiNow™, which can lower your interest rate and reduce monthly payments.
Additionally, if your property is listed in the Fannie Mae database, or you need further assistance, you can contact First Heritage Mortgage for help.
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Refinancing options
Freddie Mac has a secured online Loan Look-Up Tool that allows you to quickly find out if Freddie Mac owns your loan. To use the tool, you will need to enter your first and last name, address, and the last four digits of your Social Security Number. If Freddie Mac owns your mortgage, you may be eligible to refinance your mortgage with their refinancing programs.
One of the refinancing options offered by Freddie Mac is the Home Affordable Refinance Program (HARP). HARP is designed to help homeowners who are current on their mortgage payments but may be unable to refinance due to their home value. The program allows borrowers to refinance to a lower interest rate, get a shorter loan term, or change from an adjustable-rate mortgage to a fixed-rate mortgage.
Another refinancing option offered by Freddie Mac is the Refi Possible™ program. This program is aimed at making refinancing more accessible and affordable for low-income homeowners. To be eligible for this program, the refinance must result in a savings of at least $50 per month on the borrower's mortgage payment and a reduction of at least 0.50% in the interest rate. Borrowers can also benefit from an up to $500 appraisal credit if they are not already eligible for an appraisal waiver.
Additionally, Freddie Mac also offers the RefiNow™ program. However, details about this program are scarce. It is recommended that you contact Freddie Mac directly to learn more about this refinancing option.
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Rental options
As a renter, you may be curious to know if your apartment building is financed by Freddie Mac. This is important to know because if Freddie Mac owns the loan on your rental property, you, as a tenant, may be eligible for certain protections. These protections may include those under the CARES Act, state or local law, or if the property is in "forbearance", which is an agreement between the lender and your landlord.
To find out if your rental property is financed by Freddie Mac, you can use the search tool provided by Freddie Mac. This tool allows you to enter your property or community address to determine if Freddie Mac has purchased or securitized a mortgage loan on the property. When entering the address, make sure to use the street address of the building, the leasing office, the clubhouse, or the community address for more accurate results. It is important to note that the street address on file for the property may be different from your mailing address.
Additionally, if you are having difficulty paying your rent, Freddie Mac recommends reaching out to your landlord or property manager to determine if any protections or assistance may be applicable to your situation. You can also visit websites like https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/renter-protections/ for more information on protections and assistance for renters.
Furthermore, if you are a homeowner and want to know if Freddie Mac owns your mortgage, you can use their online loan lookup tool or call them toll-free. By entering your information, such as your name, address, and the last four digits of your Social Security Number, you can quickly determine if Freddie Mac owns your loan. This information is crucial if you are seeking assistance with your mortgage or exploring refinancing options.
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Freddie Mac's Single-Family Division
Freddie Mac's Single-Family platform offers a range of tools to help manage loans throughout the entire mortgage lifecycle, aiming to streamline workflows and accelerate processes with innovations like Freddie's Automated Servicing Transfer (FAST). The division also provides insights, educational tools, mortgage solutions, and resources to support homebuyers and homeowners.
The division's leadership sets a high standard for innovation, collaboration, and decision-making, with a strong focus on diversity and inclusion. They are committed to supporting the advancement of women in the finance industry.
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Frequently asked questions
Freddie Mac is a company that purchases mortgage loans from lenders, allowing them to provide financing options to qualified borrowers. They also finance apartment buildings and provide resources for buying, owning and renting a home.
You can use the secured Freddie Mac Loan Lookup tool online to find out if Freddie Mac owns your loan. You will need to enter your information carefully, including your first and last name, address, and the last four digits of your Social Security Number.
If Freddie Mac owns your loan, you may be eligible for certain benefits, such as refinancing your mortgage with their Refi Possible™ or RefiNow™ programs. You may also qualify for mortgage relief solutions like forbearance plans or loan modifications if you're facing financial uncertainty.
Yes, renters can use the Freddie Mac Loan Lookup tool to find out if their apartment building is financed by Freddie Mac. When entering the address, use the street address of the building, the leasing office, the clubhouse, or the community address.
