12/17/2025
On 12/20/2024, 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 24-131.
As a reminder, all loans with the $2,500 VLIP assistance must be delivered to Pennymac on or before 1/09/2026. The last day for Pennymac to purchase these loans is 1/30/2026.
Please contact your Sales Representative with any questions.