Freddie Mac Leased Solar Panels

Solar panels are an eligible improvement for greenchoice mortgages.

Freddie mac leased solar panels.

Through our greenchoice mortgage offering we are committed to facilitate the financing of energy efficient home improvements and energy efficient homes helping more families attain and. The new user friendly seller servicer guide will make it significantly easier for you and your team to find understand and share critical information. Its guidelines are being updated to allow underwriters to exclude solar panel lease payments from applicants debt to income ratios. To learn more start with our requirements for properties with solar panels in guide section 5601 2.

Establish property eligibility requirements for mortgages secured by properties with solar panels owned by the borrower. Solar panels properties with leased or borrower owned solar panels are eligible as long as all fhlmc requirements are met. Freddie mac purchases mortgages secured by properties with solar panels. Establish property eligibility requirements for mortgages secured by properties with solar panels that are owned by a third party and subject to a lease agreement power purchase agreement ppa or similar type of agreement.

Freddie mac believes that reducing home utility costs places families in a better financial situation and helps preserve home affordability over time. The solar panels may not be included in the appraised value of the property.