Difference between revisions of "FM SFLP.Special Eligibility Program"
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== Definition == | == Definition == | ||
<b>Special Eligibility Program</b>: A mortgage program with expanded eligibility criteria designed to increase and maintain home ownership. | <b>Special Eligibility Program</b>: A mortgage program with expanded eligibility criteria designed to increase and maintain home ownership. | ||
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== Notes == | == Notes == | ||
| − | * F – HFA | + | * Valid Values |
| − | * H – HomeReady | + | ** F – HFA Preferred |
| − | * R – RefiNow™ | + | ** H – HomeReady |
| − | * O – Other | + | ** R – RefiNow™ |
| − | * 7 – Not Applicable | + | ** O – Other |
| − | * 9 – Not Available. | + | ** 7 – Not Applicable |
| − | + | ** 9 – Not Available. | |
| − | + | * The field belongs to the [[FM SFLP Template]] | |
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 79 | * FM SFLP Field Index: 79 | ||
| − | * Column Label: | + | * Column Label: HOMEREADY |
* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
Revision as of 18:52, 16 May 2024
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)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
