FM SFLP.Special Eligibility Program

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