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HomeReady Mortgage Income Limits Updates
Effective the weekend of July 8, 2017, updated HomeReady income limits will be implemented in Desktop Underwriter (DU) and in the HomeReady Income Eligibility Lookup tool. Read the Selling Notice for more information.
New Quarterly Compass
Discover Q2 2017 news and timelines related to Fannie Mae technology, policy, training opportunities, and beyond.
Selling Guide Updates
February updates include changes to simplify and clarify definitions of homeownership education and housing counseling.
Selling Guide Announcement SEL-2016-08
Among other updates, this announcement includes HomeReady mortgage enhancements that will effective in Desktop Underwriter Dec. 10, 2016.
This Selling Guide update includes changes that simplify HomeReady requirements and expand homeownership education and advising options for borrowers.
HomeReady Income Eligibility Lookup Tool Update
We've updated the lookup tool to reflect the simplified HomeReady income eligibility structure and new AMIs.
HomeReady Income Limits 2016
The 2016 HomeReady Income Limits will be available on July 16, 2016.
This Selling Guide update includes a change that simplifies HomeReady borrower income eligibility to 100% of area median income or no income limit (for properties in low-income areas).
The Servicing Guide has been updated to eliminate servicing policies unique to community lending mortgage loans.
HomeReady: Adding Flexibility without Adding Incremental Risk
Our research shows that the HomeReady extended-household income adds flexibility without adding incremental risk. To get the facts, read the FM Commentary.
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