Sep 25, 2023 2023-16

HFA Advantage® Term Sheet Revision & Upcoming Trainings Reminder

Please be advised that the HFA Advantage® Term Sheet has been corrected and revised as of today to reflect the following:

• Manual underwriting is not permitted for any reason. This change is the result of an overlay set forth by our contract service provider, Idaho Housing and Finance Association (IHFA).
• The maximum allowable TLTV (total loan to value) for a transaction secured by a manufactured home is 95 percent.

CLICK HERE to view the revised HFA Advantage® Term Sheet:

Reminder of upcoming trainings:

Freddie Mac is offering two training sessions in advance of the Housing NM’s October 1 rollout. Please use the links below to register in advance for the session of your choice:

Training Dates:

• Tuesday, September 26, 2023, 10:00 am-11:00 am MDT
• Thursday, September 28, 2023,10:00 am-11:00 am MDT

Should you have questions please contact a member of the homeownership department at 505.843.6880.

Thank you for participating in Housing NM programs.