Maximum LTV/TLTV/HTLTV Ratio Requirements for Conforming and Super Conforming Mortgages

** See chart below for LTV/TLTV/HTLTV ratios and other requirements for a "no cash-out" refinance of a mortgage currently owned or securitized by Freddie Mac.

Mortgage Purpose and Property Type

Maximum LTV/TLTV/HTLTV Ratio

1-unit Primary Residence

2-unit Primary Residence

3- and 4- unit Primary Residence

1-unit Investment Property

2-4 unit Investment Property

Cash-Out Refinance Mortgages
(Fixed-Rate and ARMs)

Maximum LTV/TLTV/HTLTV Ratio

1-unit Primary Residence

2-4 unit Primary Residence

1-unit Investment Property

2-4 unit Investment Property

Maximum LTV/TLTV/HTLTV ratios for certain mortgage products and property types listed below that vary from those shown above may be found in other sections of the Single-Family Seller Servicer Guide.

• Mortgages secured by a Manufactured Home – Guide Section 5703.3 (e)
• Home Possible ® mortgage – Guide Section 4501.10
• Freddie Mac HomeOne ® Mortgages – Guide Chapter 4605
• Mortgages to borrowers with a credit history that includes a previous mortgage foreclosure or a conveyance of a deed-in-lieu of foreclosure – Guide Section 5202.5 (a)
• Mortgages that use a Streamline Project Review – Guide Section 5701.4
• Community Land Trust Mortgages – Guide Section 4502.7
• Freddie Mac Enhanced Relief Refinance Mortgages – Guide Section 4304.3

Related Resources

• Guide Section 5703.3 (e): Mortgages Secured by a Manufactured Home
• Guide Section 4501.10: Home Possible® Mortgage
• Guide Section 5202.5: Adverse or Derogatory Credit Information
• Guide Section 5701.4: Streamlined Reviews