Fannie Mae Lender Letter (LL-2024-01)

January 24, 2024

To continue to support homeownership opportunities for creditworthy very low-income borrowers, Fannie Mae has announced a temporary enhancement to their HomeReady® product including a $2,500 loan-level price adjustment credit for very low-income purchase borrowers that can be used for down payment and closing costs effective March 1, 2024.

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