11/18/2024
On 2/29/2024, Pennymac announced Fannie Mae HomeReady and Freddie Mac Home Possible temporary down payment assistance ($2,500) for very low-income purchase borrowers (VLIP) as outlined in Pennymac Announcement 24-18.
As a reminder, all loans with the $2,500 VLIP assistance must be delivered to Pennymac on or before 1/10/2025. The last day for Pennymac to purchase these loans is 1/31/2025.
Please contact your Sales Representative with any questions.