home is possible

Freddie Mac Changes

Freddie Mac Changes 

Effective January 13, 2020

  • Freddie Mac loans will be limited to income at or below 80% AMI.
  • Freddie Mac ASI Grant will no longer be available.
  • Conventional loans will not be available under the Home Is Possible for First-Time Homebuyer Bond program.


Nia Girma


Josie Hatem



Friday Fast Facts – Manufactured Housing & Manual Underwriting

Manufactured Housing Loans

Reminder: US Bank made the following changes to loans secured with manufactured homes:

  • Minimum credit score of 680
  • Maximum DTI is 45%
  • NO Manual Underwrites Allowed

Please note these changes affect all loans reserved September 2, 2019 or later.

Manual Underwriting

Effective immediately: US Bank has changed the manual underwriting guidelines for new loan reservations on both Conventional and Government loan products.



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