Announcement 2025-088 Very Low- Income Purchase (VLIP) Grant Retirement

Very Low- Income Purchase (VLIP) Grant Retirement

Newrez LLC "Newrez" Approved Correspondent Clients; please note, the $2500 VLIP Grant for the HomeReady PLUS and Home Possible PLUS products is being retired. In order to meet the agency delivery deadline, all loans with a VLIP Grant must be purchased by Newrez on or before January 30, 2026. The Income Requirements and Limits section of the product summaries have been updated with the final purchase date.