Why Was My Mortgage Sold?

September 21, 2021


If you received a letter from Freddie Mac stating that we purchased your loan, do not be alarmed. This letter, titled "Borrower Notification: Freddie Mac Has Purchased Your Mortgage Loan," is sent to you for informational purposes only.

Mail on a table

You Do Not Need to Take Action

No action is required on your part when you receive a borrower notification letter.

We do recommend that you file the letter with your other mortgage documents.

Why Your Lender Sold Your Loan

It's common for lenders to sell home loans to another company, including Freddie Mac, sometimes soon after you've closed on your home.

By selling mortgages to companies such as Freddie Mac, lenders have the ability to continue making more home loans.

Freddie Mac supports the secondary mortgage market by helping keep money flowing through the mortgage system, regardless of whether economic times are good or bad.

Why You Received the Borrower Notification Letter

By law, Freddie Mac is required to notify you that your mortgage was sold to us.

The borrower notification letter includes additional information about your mortgage as part of our continued efforts to promote long-term, successful homeownership.

If the balance in the letter is different than the balance on your mortgage payment, the letter may not reflect recent payments you've made. For information about your principal balance or mortgage, contact your servicer, which is the company you make your mortgage payments to, using the contact information on your mortgage statement. Do not contact Freddie Mac.

Your Loan Payments Are Unchanged

Even though your mortgage was sold to Freddie Mac, there is no change to the way you make your mortgage payment.

You must continue to send your payments to the company listed on your mortgage statement. 

The selling of your mortgage to Freddie Mac does not change the terms or conditions of your mortgage, and your payment obligations remain the same.

If you have questions about your mortgage or mortgage payment, contact your servicer, which is the company you make your mortgage payments to, using the contact information on your mortgage statement. Do not contact Freddie Mac.

For more information about borrower notification letters, view a sample borrower notification letter and review the borrower notification letter frequently asked questions on My Home by Freddie Mac®.