The Freddie Mac supplemental loan program provides split and seasoned options. With a seasoned supplemental loan, obtain financing in addition to an existing loan without the cost of a full refinance. This program provides fixed- and floating-rate options.
| Split Supplemental Loans | Seasoned Supplemental Loans | |
| Description | A supplemental loan placed at the same time as a newly originated Freddie Mac first loan | A supplemental loan placed at least 12 months after origination of the first loan or the previous supplemental loan |
| Eligible Loans | Loans with a minimum of $1 Million related to individual mortgages to be purchased through the Conventional Cash Mortgage Purchase Program, Targeted Affordable Housing Cash Mortgage Purchase Program and conventional structured transactions that are not scheduled for securitization | Loans with a minimum of $1 Million that are behind existing first loans related to individual mortgages to be purchased through the Conventional Cash Mortgage Purchase Program, Targeted Affordable Housing Cash Mortgage Purchase Program and conventional structured transactions |
| Standard Loan Terms | Coterminous with first loan; 30-year maximum | Coterminous with first loan or may exceed first loan by up to 24 months |
| Prepayment | Structured as a yield maintenance loan | |
| Reserve Requirements | - Origination of a supplemental loan behind a securitized
loan will trigger collection of any
deferred reserves for that first loan - Real estate tax reserve, even if not required for the first loan |
|
| Min DSCR DSCR Calculator | 1.25x | |
Program Plus Freddie Mac Loans
| Program Plus Options | |
|---|---|
| Fixed Rate Loans | Floating Rate Loans |
| Lease-Up Loans | Manufactured Housing Community Loans |
| Revolving Credit Facility | Student Housing Loans |
| Supplemental Loans | Value-Add Loans |
Affordable Housing Freddie Mac Loans
Other Freddie Mac Loans
| Other Freddie Loan Types | |
|---|---|
| Student Housing Loans | Small Balance Loans |
| Freddie Mac Single-Family Rental (SFR) Pilot Program | |
