Idaho Mountain Mortgage, is now offering Freddie Mac
Relief Refinance Mortgage - Open Access!

The Freddie Mac Relief Refinance Mortgage - Open Access assists borrowers who are making timely mortgage payments, but have been unable to refinance due to declining home values.

With no limit to the LTV / TLTV / HTLTV for fixed-rate mortgages, relief from standard mortgage insurance requirements, and the ability to obtain reduced documentation requirements through Loan Prospector(R), you can refinance more borrowers into mortgages that better position them for a successful long-term homeownership.
Key Features:
oUnlimited LTV / TLTV / HTLTV for fixed rate loans.
oRelief from standard mortgage insurance requirements.
oMust be submitted to Loan Prospector.
oReduced income and asset documentation requirements.
oUse of Home Value Explorer (HVE), Freddie Mac's automated valuation model, to determine property value for certain properties.
o620 minimum qualifying credit score.
oFast turn times!
Eligible Borrowers:
oAvailable to existing borrowers who have a first-lien, conventional mortgage currently owned or securitized by Freddie Mac with a Freddie Mac settlement date on or before May 31, 2009.

oDesigned to assist borrowers who are making timely payments, but have been unable to refinance due to declining property values.

Eligible Properties:
oPrincipal Residences (Owner Occupied)
oSecond Homes (1-unit only)
oInvestment Properties (Non-Owner Occupied)
oAttached/Detached Dwellings
oManufactured Housing - Note: Owner Occupied and Second Homes Only
o1-4 Units
oPUDs, Condos