FM SFLP.Special Eligibility Program
From Open Risk Manual
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
- 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_PROGRAM_INDICATOR
- Data Type: Choice
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
