Bulletin 2021-012 Home Possible Updates

Home Possible Updates

NewRez LLC "NewRez" Approved Correspondent Clients: please note that effective for loans locked on or after Monday January 25, 2021, Freddie Mac is reducing the maximum Loan to Value (LTV) ratio to 85% for Home Possible Fixed Rate 2-4-unit properties and ARM 2-unit properties. The maximum Combined Loan to Value (CLTV) will remain unchanged.


All loans with an LTV exceeding 85% for a 2- 4- unit property must be purchased by February 15, 2021.