ALERT – Update for Freddie Mac Guidelines

Effective for Freddie Mac loans with a submission to Condo Project Advisor (CPA) on or after February 26, 2024, Arc Home will align with the change communicated in Freddie Mac Bulletin 2023-24 for the topic below.

·         Condominium Projects: Enhanced guidelines to include a new Project Assessment Request (PAR) finding status of “Not Eligible” if a condominium project does not meet certain project review and general eligibility requirements. Refer to Freddie Mac Selling Guide 5701.10(d) for complete details.