September 23, 2022

Upcoming Freddie Mac Webinar

Freddie Mac is offering the upcoming live webinar focused on down payment assistance. Please see the message below that has been passed on from Freddie Mac.

Down Payment Assistance for HFAs Solutions for Helping Borrowers with Funds for Closing Most borrowers would agree that saving for the down payment is their biggest obstacle to homeownership. In this webinar, we’ll teach you how to help borrowers qualify with down payment assistance (DPA) and dispel many industry myths around DPA. We’ll also discuss how to use these funds and layer them with other funding sources to help your borrower realize their dream of homeownership. Tuesday, Oct. 4, 2022 1:00 p.m. - 2:30 p.m. CT

Register Here

Freddie Mac HFA Advantage® Mortgage: New Enhancements   Freddie Mac recently announced new enhancements to the Freddie Mac HFA Advantage® mortgage. With rising interest rates and the lack of affordable housing inventory, HFA Advantage, coupled with DPA funds, are the perfect combination to help your borrowers achieve their homeownership goals. Available now, the new enhancements include: Expanded credit risk assessments within Loan Product Advisor® (LPASM) to allow more very low-, low- and moderate-income borrowers to qualify for mortgages. The ability to offer the HFA Advantage mortgage—or re-evaluate existing loans—to more borrowers due to recently updated AMI values issued by the Federal Housing Finance Agency (FHFA).