Difference between revisions of "FM SFLP.Special Eligibility Program"
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* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
Latest revision as of 13:19, 17 May 2024
Contents
Definition
Special Eligibility Program: A mortgage program with expanded eligibility criteria designed to increase and maintain home ownership.
- Home Ready - An affordable mortgage program designed for eligible, creditworthy borrowers.
- HFA Preferred - An affordable, conventional mortgage program available exclusively to housing financing agencies (HFAs) to maximize financing to low-to moderate-income borrowers.
- RefiNow - An affordable refinance program designed for eligible, creditworthy borrowers with an existing Fannie Mae-owned mortgage.
- Other - A special eligibility program not provided within the other enumerations.
- Not Applicable - The special eligibility program disclosure is not applicable to the related loan.
- Not Available - The special eligibility program disclosure is not available for the related loan.
Notes
- Valid Values
- F – HFA Preferred
- H – HomeReady
- R – RefiNow™
- O – Other
- 7 – Not Applicable
- 9 – Not Available.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 79
- Column Label: HOMEREADY
- Data Type: Choice
- Data Maximum Length: X(1)
- Temporal Classification: Acquisition
- Data Category: Loan
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
