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MPF Traditional – Expanded Eligibility Now Available
Effective Date: Immediately (unless otherwise noted within)
As recently communicated in MPF Announcement 2026-17, the MPF Program shared upcoming enhancements to the MPF Traditional Products. The MPF Traditional Selling Guide has been updated to incorporate these enhancements.
As a result, effective immediately, PFIs may begin to deliver the following expanded eligibility:
- Eligibility of up to 97% Loan-to-Value (LTV) for the following Fannie Mae and Freddie Mac Products:
- Fannie Mae HomeReady® & MH Advantage®
- Freddie Mac HomePossible® & CHOICEHome®*
*Overlay: Must meet the standard mortgage insurance requirements of the applicable AUS, however, mortgage loans originated with reduced mortgage insurance coverage in exchange for a pricing offset are not eligible for delivery.Refer to Section 2.6.11 Eligible Fannie Mae and Freddie Mac Mortgage Products for additional information.
- Manufactured Housing Expanded Eligibility
- Incorporated eligibility of single width manufactured homes,
- Revised acceptable mortgage loan term from 20 years to 30 Years,
- Added flexibility for down payment sources including land-in-lieu and ability to use gift funds,
- Incorporated the eligibility of secondary financing, and
- Updated Master Commitment limits, to reflect that no more than 15% of the total Master Commitment may consist of manufactured housing.
Refer to Section 6.8 Manufactured Housing for additional information.
- Clarified that home improvement/rehabilitation mortgage loans are eligible for delivery when used to repair or renovate a home.
- The mortgage loan must meet Guide eligibility requirements, the property must be properly appraised based on its “as‑completed” value, and the renovations must be completed prior to delivery.
Refer to Section 2.6.3.4 Renovation Mortgage loans for additional information.
- Incorporated PFI-Funded Affordable Housing Programs (AHP) – Refer to Section 4.4 Affordable Housing Program Funds for additional information.
Available Resources
To learn more about these updates, PFIs are encouraged to utilize the following available resources:
For questions or assistance, please contact the MPF Service Center by using one of the following options:
- MPF Customer Service Portal
- Email: [email protected]
- Phone: 877.345.2673