FM SFLP.Special Eligibility Program

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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

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Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates

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