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Freddie Mac to allow some borrowers to use “sweat equity” to cover entire down payment

Nov 19, 2018By

Freddie Mac has long allowed certain borrowers to use “sweat equity” to cover a portion of their down payment, but now, the GSE will allow borrowers to use “sweat equity” to cover their entire down payment. Under the expansion, certain borrowers will be able to “sweat equity,” materials provided or labor completed by a borrower to improve a house before closing on the property, as their full down payment.

3d rendering of a row of luxury townhouses along a street

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