May 1, 2025

Lender Bulletin 2025-07

Effected Programs: First Time Homebuyer and Homeward Bound

Attention Lenders:

NJHMFA would like to bring to your attention recent changes to FHA and USDA guidelines that may impact borrower eligibility.

FHA – Mortgagee Letter 2025-09

Effective for case numbers assigned on or after May 25, 2025, FHA is removing the Non-Permanent Resident section entirely, eliminating eligibility for non-permanent resident borrowers.

USDA – Announcement Dated March 18, 2025

Effective immediately, the USDA Single Family Housing Guaranteed Loan Program (SFHGLP) has terminated the temporary authority that previously allowed certain non-U.S.citizens to apply for a guaranteed loan.

All loans sold to NJHMFA must meet the relevant first mortgage insurer/guarantor guidelines. These changes are applicable for FHA and USDA loans using either the First-Time Homebuyer and Homeward Bound programs.



If you have any questions, contact the Single-Family Lender team at sflenders@njhmfa.gov