Freddie Mac HFA Advantage Loans (with the exception of GSFA Paid MI Options) are allowed up to super conforming loan limits by County. However, Lenders are reminded that super conforming loans may not be run through Desktop Underwriter (DU).
Super conforming loans must be underwritten through Loan Product Advisor (LPA). Non-adherence to this underwriting requirement will put the Lender at risk of not having the loan purchased by US Bank.
Lenders are also reminded to follow agency guidelines concerning Homebuyer Education requirements.
For Freddie Mac HFA Advantage Loans, homebuyer education is required if all borrowers are first-time homebuyers.