Freddie Mac Solar Panels

I properties with solar panels owned by the borrower if the borrower owns the solar panels on the property.

Freddie mac solar panels.

Properties with solar panels. Solar panels pennymac is aligning with the updated guidance for properties with solar panels in fannie mae s sel 2020 04. Freddie mac believes that reducing home utility costs places families in a better financial situation and helps preserve home affordability over time. Lenders must follow the updated guidance found in fannie mae selling guide section b2 3 04 for the specific financing structure used to install the solar panels.

Homeowner interest in solar panel systems has grown in the past decade and we have begun to receive questions from sellers about the eligibility of mortgages secured by properties with solar panels. Properties with solar panels freddie mac purchases mortgages secured by properties with solar panels if the mortgages meet the following property eligibility requirements. To learn more start with our requirements for properties with solar panels in guide section 5601 2. Effective for mortgages with settlement dates on and after march 1 2017.

Solar panels are an eligible improvement for greenchoice mortgages.