What is Open Access?

Freddie Mac Open Access helps borrowers who make timely mortgage payments, but are unable to refinance due to declining property values refinance.

• Up to 105% LTV
• 620 minimum FICO score required
• Property must have a Freddie Mac settlement date on or before May 31, 2009
• Must meet the following borrower benefits:
• A reduction of the interest rate of the first lien mortgage
• To replace an ARM or other mortgage with an interest only prior, or a Balloon/Reset mortgage with a fixed rate, fully amortizing mortgage
• A reduction in the amortization term of the first lien amount