Freddie Mac Conventional Loan Program Changes
Freddie Mac recently announced changes to their conventional loan products that affect our Start Up and Step Up conventional loans and the Conventional Cash to Close Grants (CCCG). We will continue to offer Freddie Mac and Fannie Mae conventional loan programs for borrowers with incomes at/below 80% of the area median income (AMI) and borrowers with incomes over 80% AMI.
We will announce our product changes and implementation timeline soon. Watch for an eNews with more details.