We understand that many of you are concerned about the new Loan-Level Pricing Adjustments (LLPAs) being rolled out by Fannie Mae and Freddie Mac for conventional loans. Regardless of their impact, we want to assure you that AHFA is exempt from these adjustments.

Did you know that you can use our Step Up program without its accompanying down payment assistance? Your customers earning less than $130,600 annually may benefit from the competitive 30-year fixed rates of a Step Up first mortgage on its own. As these LLPAs take effect, Step Up’s mortgage interest rates may be lower than those of standard conventional programs, even for buyers who don’t want or need down payment assistance.

More information on the LLPAs can be found at the following link:

FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework | Federal Housing Finance Agency

Still have questions? We’re here to help. Email Alana Beaugez or call 334-244-9200 for further Step Up program details.